Rasheed Bank launches Nakheel MasterCard service

Al Rasheed Bank launched Nakheel Mastercard for public sector employees in the presence of the Governor of the Central Bank Ali Al-Alaq, the Undersecretary of the Ministry of Finance Dr. Maher Hammad Johan, the President of the Association of Iraqi Private Banks Wadih Al-Hanal and a number of government and private banks managers.

"The launch of Rasheed Bank, this is Nakheel Master Card, is in line with the strategy of the Central Bank in developing the products of the banking sector and providing modern banking services in accordance with the mechanisms in force globally," said Central Bank Governor Ali Alaq during the ceremony.

"The bank seeks to be a sophisticated banking sector and uses electronic programs capable of providing the best products for this sector," he said.

"The use of electronic cards is a strategic objective at the national level for its multiple advantages in providing the foundations for the introduction of electronic governance and expand the circle of dealing with the banking sector."

For his part, called the Director General of Rashid Bank, Dr. Rashad Khudair Wahid, all ministries to accelerate the settlement of the salaries of employees and the receipt of the card "Nakheel MasterCard" to enable the bank to grant them advances and loans, pointing out that the card helps citizens to save and protect the circulation of counterfeit currency and retain salaries from Thefts during transport.

"The card is drawn from inside and outside Iraq," Wahid said, adding that "the bank has recently distributed a number of ATMs in Baghdad and the provinces, in addition to the commission of the card (10) thousands of dinars, three years."

The director general of the company portal of Iraq electronic Basel Hill, "This step comes within the objectives of the company to serve banks operating in Iraq, and was the first project with the Bank of Rasheed."

"The company is currently working on the development of solutions and electronic payment channels, including the provision of POS devices for shops, services, companies, institutions and entertainment facilities to provide comprehensive services, sophisticated and smart for their customers and enable them electronically.

Article Credit: https://economy-news.net
Special Thanks to Charles Bright!!