Al-Alaq: It is necessary to develop appropriate marketing plans to support digital financial inclusion in the country

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Al-Alaq: It is necessary to develop appropriate marketing plans to support digital financial inclusion in the country

On Thursday, the Governor of the Central Bank, Ali Mohsen Al-Alaq, convened a meeting to discuss the enhancement of the project aimed at spreading point-of-sale (POS) devices and promoting digital transformation in the country. A number of representatives from the Central Bank and electronic payment companies operating in the country were in attendance.

The bank issued a statement which was received by NRT Arabic. The statement mentioned that the meeting discussed the challenges of spreading point-of-sale (POS) devices and emphasized the importance of increasing geographical coverage to include all regions of Iraq.

The statement addressed problems related to using bank cards and settling financial amounts through national exchanges.

Al-Alaq emphasized the significance of the widespread availability of point-of-sale devices and their positive effect on the national economy and the lives of citizens. He also stressed the need to encourage citizens to use bank cards instead of cash and make it a priority for electronic payment companies and banks.

He emphasized the need for appropriate marketing plans to support financial inclusion and digital finance in Iraq.