On Thursday, the Governor of the Central Bank, Ali Mohsen Al-Alaq, held a meeting with representatives of the Central Bank and several electronic payment companies operating in the country. The main agenda of the meeting was to discuss ways to improve the point-of-sale (POS) device project and promote digital transformation in the country.
During the meeting, the bank issued a statement that highlighted the challenges associated with the spread of point-of-sale (POS) devices and the significance of expanding geographical coverage to include all regions of Iraq. A copy of the statement was received by NRT Arabic.
The statement addressed problems with using bank cards and settling financial amounts through the national exchange inside and outside of Iraq.
Al-Alaq emphasized the significance of promoting the use of point-of-sale devices, which can have a positive impact on the national economy and the lives of citizens. He also highlighted the importance of encouraging citizens to use bank cards instead of cash, and urged electronic payment companies and banks to prioritize this.
He emphasized the need for appropriate marketing plans to support digital finance and financial inclusion in Iraq.