Payment Landscape in Iraq and Kurdistan

Faculty: Faculty of Engineering
Department: Computer Engineering

Type of the workshop: National workshop

The workshop in brief: This workshop aims to discuss an array of topics, including but not limited to, a general insight on Iraq’s banking and financial system, available Payment service providers, payment methods, issues and challenges in banking and financial services, financial inclusion, role and responsibilities of the central bank, mobile money payment service providers. The central bank of IRAQ’s pushes for more financial inclusion in the country and gradual mindset change among Iraqi people towards the banking and finance sector has been changing toward accepting financial services. Nasswallet is created to provide greater financial access to the people of Iraq to make the leap from cash to a cashless society. NassWallet is a digital bank that is made for a new era – providing services such as money transfer, business services, merchant payment, salary and bulk disbursement, bill payment, loyalty and rewards with its own Mastercard among other services.

Participants:30

Date and time: 30/03/2022 at 11:00 AM
Place: Tishk International University / Education Building Hall: 302

Session topics:

– Mobile money/eWallet Payment for your personal and business

– Iraq market insight and Iraq market banking and financial insights

– Payment methods and Payment methods provides(PSPs)

– Banking and fintech issues and challenges and National banking and Fintech switch of CBI

Presenters names and affiliations:

Mr. Bayar Shahab, a Business Development Manager at NassWallet Digital Banking

Outcome of the workshop:

The workshop outcomes concluded that tap on the growth in digital payment and e-commerce, driven by mobile payment solutions, the issues and challenges facing the shift, and the promising future of cashless payment. The payment Industry in IRAQ has seen increasing growth in the past years, having a higher number of bank account holders, eWallets, ATMs, banks, POSs, and financial institutions. The central bank of IRAQ pushes for more financial inclusion in the country and gradual mindset change among Iraqi people towards the banking and finance sector has been changing toward accepting financial services.

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