His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired a meeting that included representatives of this bank and a number of electronic payment companies operating in Iraq, in which they discussed ways to follow up on the project of spreading point-of-sale (POS) devices and digital transformation.
The meeting reviewed the most important challenges facing the process of spreading point-of-sale (POS) devices and the importance of expanding the geographical area to cover all parts of the country, as well as solving the problems facing the use of bank cards and settling their amounts through the national exchange inside and outside Iraq.
The Governor stressed that the spread of point-of-sale devices has positive effects on the Iraqi street and that it is important to urge citizens to use bank cards instead of cash, and that it should be a priority for all electronic payment companies and banks, stressing the need to develop appropriate marketing plans to support digital financial inclusion in Iraq.
