"Mobile banking" new financial technology entering Iraq

Ali Rasooly May 6, 2017 Add comment 294 visits

Baghdad - Journal News

The Central Bank of Iraq governor Ali al-Alaq said on Saturday that the Central Bank is working on the system of localization of salaries through the electronic payment of state employees and get rid of the traditional way in the process of receipt of salaries, as disclosed the intention of the Central Bank to activate the so-called "mobile banking" in Iraq .

"The use of modern technology and linking it to the banking system in Iraq, through high-quality systems and the speed of banking and banking facilitation will raise profits for shareholders and encourage citizens to save," Al-Alak said in a speech at a conference on banking technologies attended by the Journal News. Investment in banks and banks. "

He added, "We are in the process of activating the so-called mobile banking, which is to carry out banking operations and remittances through the use of smart phones through high-quality Internet systems." He pointed out that "the Central Bank is in the process of operating banking disclosure systems between banks and shareholders."

The conference, "Banking Techniques", was held at the Babylon Hotel in central Baghdad, with the participation of 30 companies from 7 Arab and foreign countries.

The conference was attended by Iraqi economic figures, including the financial adviser to the Prime Minister, the appearance of Mohammed Saleh, the head of Baghdad Investment Authority Shaker al-Zamili, as well as foreign and Arab delegations.