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[ltr]The Central Bank decides to save data for electronic payment companies and process them inside Iraq[/ltr]
[ltr]Economie[/ltr]
Since 2018-04-17 at 14:31 (Baghdad time)
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[ltr]Baghdad - Mawazine News[/ltr]
[ltr]The Central Bank of Iraq decided on Tuesday to save data to electronic payment companies and process them inside Iraq.[/ltr]
[ltr]"In light of the strategic plan of the Central Bank of Iraq to regulate electronic payment activities in the direction of competition and non-monopoly and transfer of foreign expertise to Iraq and to achieve the goal we aspire to, this bank decided to process and save data on electronic payments Inside Iraq ".[/ltr]
[ltr]The statement added that "three local companies were licensed to provide electronic payment services in which data processing for all customers in their data centers inside Iraq so far," noting that "there are other companies in the process of obtaining licenses from the relevant authorities and the existence of requests from several companies Foreign international to open branches in Iraq to work to be all the processing and conservation within its centers inside Iraq exclusively. "[/ltr]
[ltr]The Central Bank said, according to the statement, that "in the case of wish to foreign companies that will be licensed to work in Iraq to participate with local payment companies located locally, the participation rate must not be less than 51% for the benefit of the local entity."[/ltr]
[You must be registered and logged in to see this link.]
[ltr]Economie[/ltr]
Since 2018-04-17 at 14:31 (Baghdad time)
[ltr][You must be registered and logged in to see this image.][/ltr]
[ltr]Baghdad - Mawazine News[/ltr]
[ltr]The Central Bank of Iraq decided on Tuesday to save data to electronic payment companies and process them inside Iraq.[/ltr]
[ltr]"In light of the strategic plan of the Central Bank of Iraq to regulate electronic payment activities in the direction of competition and non-monopoly and transfer of foreign expertise to Iraq and to achieve the goal we aspire to, this bank decided to process and save data on electronic payments Inside Iraq ".[/ltr]
[ltr]The statement added that "three local companies were licensed to provide electronic payment services in which data processing for all customers in their data centers inside Iraq so far," noting that "there are other companies in the process of obtaining licenses from the relevant authorities and the existence of requests from several companies Foreign international to open branches in Iraq to work to be all the processing and conservation within its centers inside Iraq exclusively. "[/ltr]
[ltr]The Central Bank said, according to the statement, that "in the case of wish to foreign companies that will be licensed to work in Iraq to participate with local payment companies located locally, the participation rate must not be less than 51% for the benefit of the local entity."[/ltr]
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