The Central Bank launches new services via electronic wallets.

The Central Bank of Iraq announced the launch of reciprocal money transfer services via electronic wallets, which will enable individuals and business owners to conduct their financial transactions with greater speed and flexibility.
These services include, according to a statement from the Central Bank, a copy of which was received by {Euphrates News}:

1- Reciprocal financial transfers between permanent, effective, verified wallets of various service providers.

2- Reciprocal financial transfers from permanent, effective, verified wallets to merchant wallets of various providers during purchase operations.

The statement explained that “launching this step represents a qualitative shift in the path to enhancing financial inclusion, supporting digital transformation efforts, facilitating the movement of funds, supporting the business sector, and expanding the use of financial technologies in Iraq.”

Alforatnews.iq