Iraq Gate company to receive a license from my company MasterCard and Visa global

Iraq Gate company to receive a license from my company MasterCard and Visa global

30/01/2018

(Independent) ... announced the gateway to Iraq Electronic Financial Services Inc., for obtaining a license as a member of a key from my company MasterCard and Visa World Wars for the issuance and acceptance of electronic payment cards, which is registered in Iraq and licensed by the Central Bank of Iraq, a national company, under the laws and regulations in force in Iraq and in line with the Central Bank of Iraq instructions, based on the highest international standards, through getting advice from a major specialist in the field of international companies, as the economic feasibility of the company studies and license application it has been prepared by Ernst Wei company Global Wong to study the Iraqi market situation and determine the optimal business model and plan of action, and that the company has hired IFC IFC during the later stages of the establishment, so as to provide technical and strategic consulting company.

Since the date of incorporation, the company has worked to attract local and international specialized skills in the field of electronic payment, so as to be able to global best practices and most recently in the hands of the Iraqi citizen status, which facilitates his life and contributes to the realization of the aspirations of the Iraqi government and the Central Bank of Iraq to increase financial inclusion and advancement of services e-payment, as the number of company employees to approximately 60 employees so far.

The company also has a center for data processing in Baghdad, which was designed and built by Ericsson Swedish, where he is the center of the latest data centers and the most sophisticated and secure in Iraq, has designed a world-class to ensure the security and protection of information, which is subject to the supervision of the competent authorities. The company has also contracted with reputable international companies specializing in the field of technology and cards and payment services such as S2M company and my company HP and CISCO Systems. The company has invested nearly five million dollars so far in technology systems, and is currently working on building a data center last (for disaster recovery) to meet the requirements of the Central Bank of Iraq and regulatory frameworks related to this, and in line with the highest standards and global best practices, what would ensure continuation of services and lack of interruption.

As a result of this professional and technical readiness, the company has obtained a license as a member of a key from my company MasterCard and Visa World Wars for the issuance and acceptance of electronic payment cards, so the Iraq Portal Financial Services Company emphasizes that obtaining a license by the Central Bank of Iraq and international companies pay during a record time , due to several key factors, notably the investment in advanced technology and financial systems and to attract professional cadres highly qualified to develop the best electronic payment practices in Iraq, which is coupled with compliance with the instructions and controls the bank Merk The companies pay, in addition to the degree of credibility and commitment that enjoyed by the management team and the company's shareholders, which is a precedent in this sector.

The present system and the positive developments offered to support the vision of the company to play a key role in the development of practices and services of electronic payment, in line with the vision of the Iraqi government and the Central Bank of Iraq to create not a cash society, with the aim of advancing the national economy and raise the level of available financial services, knowing that the company continues its firm commitment to harnessing this system to serve the society and the economy and open new horizons to accelerate the spread of e-commerce in Iraq and opening them globally.

For more information please contact the Public Relations Department via e-mail: info@iraqegate.iq

Company Iraq Gate Electronic Financial Services is registered in Iraq, an Iraqi company, and holds a Practice for business e-payment license from the Central Bank of Iraq No. (4) According to the Central Bank of Iraq Law No. (56) for the year 2004. It is a key member of the MasterCard and Visa. The company is licensed to implement and facilitate the electronic payment business in all parts of Iraq, including its scope of work: issuing pre-card payment through international payment companies, owning and deployment of payment points and the ATM network as well as providing various services to banks and facilitate the payment of bills and collection process.

The company operating from its headquarters located in Baghdad / Al-Mansour and managed the company of a professional cadre specialized technically and commercially and financially in the field of electronic payment systems and technology are working day and night to put the best global practices securely in the field of payment in the hands of the Iraqi citizen and at his disposal. (End)

The company operating from its headquarters located in Baghdad / Al-Mansour and managed the company of a professional cadre specialized technically and commercially and financially in the field of electronic payment systems and technology are working day and night to put the best global practices securely in the field of payment in the hands of the Iraqi citizen and at his disposal. (End)