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Al-Sudani issues decisions to strengthen the banking system

Baghdad - ALsharqiya, July 7: Iraqi Prime Minister Mohammed Shia al-Sudani issued a series of decisions to strengthen a strong and efficient banking system by developing electronic payments and increasing financial inclusion in Iraq.

An informed government source revealed that the Prime Minister issued several future decisions related to several important projects in the field of electronic payments, stressing the need to complete them as soon as possible. The same source confirmed that the most prominent of these projects are:

- Activating the local electronic card, which is expected to be completed by the end of 2025

- Activating the rapid electronic payment project

- Activating the unified electronic collection application

- Localizing private sector salaries in line with the government sector

- Establishing a unified center for complaints related to electronic payment transactions, based at the National Data Center.

The government source expected these projects to be completed in less than a year, stressing that their implementation would contribute to moving Iraq to a new level among advanced countries in this field.

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