The Central Bank of Iraq (CBI) recently led a meeting of the Iraqi Payments Council to check on how well electronic payment systems are being rolled out across government offices and the private sector.
During the meeting, officials reviewed the steps ministries and public institutions are taking to adopt e-payment tools. They also looked at how far digital payment methods have spread, how well these systems are connecting with modern financial and banking technologies, and how everything fits into Iraq’s wider digital transformation plans.
Another key point of discussion was how to help the private sector get ready to use electronic platforms for collecting revenues. The council talked about making procedures simpler and organizing the way private businesses interact with government bodies, depending on the nature of their work. They also stressed that the process of salary domiciliation for private-sector workers must continue, in cooperation with banks and government institutions.
The meeting also reviewed financial inclusion indicators — such as access to banking services, the spread of financial tools, and how improvements in payment systems are affecting different groups of people. The council highlighted the need to keep building banking awareness and financial culture across the country.
Overall, the Iraqi Payments Council aims to keep all regulators, government bodies, and both public and private institutions aligned when it comes to national payment policies and the growth of digital payments in Iraq.
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