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Visa and Suij Sign Cooperation Agreement in Iraq

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Visa and Suij Sign Cooperation Agreement in Iraq

29/4/2018 12:00 am

The Central Bank is an economic success

Baghdad / Al-Sabah

Global attention has become evident when you find the world's largest companies are on the scene of the national economy and start to establish business partnerships within Iraq, bringing the latest technology to the local labor market, which has become a need for international effort to support economic activity towards construction and reconstruction.

And signed a partnership agreement between Visa International and Suwij Financial Services to provide a new package of advanced digital services.

Overcoming challenges

Director of Payments at the Central Bank, Mr. Dhaheh Abdul Karim Bent, said on the sidelines of the signing ceremony that "the ambition of the Central is to work to get ahead of others by acquiring advanced technological services.

We believe in the capabilities of the two companies in achieving our objectives. It is an economic success. We are also going to overcome all the challenges that accompany the joints. the work".

"We hope that this cooperation will leave its positive imprint, in light of the Central Bank's efforts to provide the right ground for the provision of services, including the stimulation of the private sector, where there are great opportunities that accommodate everyone's efforts," she said.

"The Central Bank is aware of the amount of investments it is putting in The domestic market, we believe that is achieved These investments are mutually beneficial."

achieve goals

Regional Director of Visa International Tariq Husseini said that "the partnership we have come to enable the Iraqi banks to achieve their ambition and objectives of financial inclusion," not to the fact that "the past period has seen meetings with the Governor of the Central Bank dealt with the advancement of the infrastructure that accelerate financial inclusion."

"The goal of the strategic partnership is to create an environment conducive to the digital culture of digital payments in Iraq and to enable various partners and customers to benefit from Visa International products that governments, financial institutions and individuals rely on, and enable the benefits of digital economy transformation and the use of reliable and secure electronic payment options," he added.

The Central Bank of Iraq looks forward to the level of financial coverage in Iraq, which will contribute to the growth of the Iraqi economy and facilitate and improve the lives of citizens and enhance transparency in all transactions in line with the strategy and ambitions of e-government in Iraq.

Financial Operations

"The aim of the cooperation and partnership is to complete the financial transactions electronically, with the support of the Central Bank and cooperation with Visa International, where the work is on the establishment of an organization fluctuating everyone, and can complete the financial operations in a different manner 100 percent, which we offer in cooperation with Visa."

He pointed out that the electronic payment incentives do not require the carrying of the cache and the risks of its transfer and load, as we will turn to smart solutions in the payment detailed adoption of the best international systems.

"We are confident that this partnership will provide our financial and retail customers with a unique package of services, products and digital solutions

It is based on safety and ease as key pillars, as this partnership is consistent with our ambitions to grow in the Iraqi market and provide Solutions that help customers meet their ambitions and provide them with multiple options for digital payments.

As this partnership is launched, we are continuing to develop and scale it up in line with the latest innovations and innovations in the digital payment industry."

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