The National Bank supported, today, Wednesday, a gathering to lay out a public organization to oversee electronic installment frameworks in Iraq.
“Central Bank Governor Ali Mohsen Al-Alaq chaired the first preparatory meeting to establish a national company to manage central electronic payment systems in Iraq, with the participation of a number of bank officials, bank managers, electronic payment service provider companies, and the Iraqi Private Banks Association,” the Central Bank’s media office said in a statement.
He continued, “The importance of regulating electronic payment operations, keeping pace with rapid technological developments, and creating a competitive payment industry that provides secure, reliable, easy-to-access, widely interoperable payment services, rapid response, and high flexibility to technical and regulatory changes were discussed during the meeting.”
That’s what the workplace expressed “the gathering audited the organization’s fundamental targets and the unique necessities for beginning the foundation, as it will embrace the undertakings of dealing with a portion of the focal and essential electronic installment frameworks at the public level, working them and creating them,” taking note of that “this step came in accordance with the well thought out plan of this bank, which remains closely connected with the taxpayer supported initiative in the field of electronic installment and its improvement in Iraq.”
