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Are you a replacement for Key Card? The Central Bank signs an agreement with MasterCard to promote salary settlement services

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https://www.almuraqeb-aliraqi.org/2018/07/01/111487/

Are you a replacement for Key Card? The Central Bank signs an agreement with MasterCard to promote salary settlement services

2018/07/01 5:50 am

The Central Bank of Iraq, signed an agreement with MasterCard International to support Iraqi banks and payment service providers licensed to work in accordance with best international practices in this regard, adding that the presence of international companies inside Iraq will be reflected positively on the citizen because it will increase services and reduce prices.

"The Central Bank of Iraq signed an agreement with MasterCard International on the sidelines of the 2018 Arab Banking Summit in Paris to strengthen the regulatory framework for work in Iraq, which will have a positive impact on my work.

"The agreement includes several aspects, including training and financial education, and contribute to the development of the national strategy of electronic payment to upgrade the financial and banking services, which will be launched in the next phase and enhance the role of exporters and collectors of electronic payment tools."

She added that "The Central Bank stands at a distance from one of the global companies for the purpose of promoting professional competition and aims to reflect positively on services, prices, innovation and diversity of tools."

She stressed that «the Central Bank of Iraq is working to improve levels of financial coverage In Iraq through the existence of efficient and effective systems and easy access to the services provided by them ».

For his part, the President of the Association of Iraqi private banks Wadih al-Hanalal, that Iraq has sought in recent years, led by the Central Bank and the participation of the Association of Banks, to promote the Iraqi banking sector being the main artery Which feeds and activates the Iraqi economy.

During his speech at the Arab International Banking Summit, Al-Hantal said: "At the outset, we extend our best wishes and congratulations to the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alak, for his selection as the best governor in the Arab region for 2018.

The Iraqi Central Bank, led by its governor, proved to be an independent and solid institution capable of overcoming these difficulties. We also thank the Union of Arab Banks for choosing this and shedding light on the situation of the sector. Banking in Iraq ».

"We are talking to you today to inform you of our achievements and successes and to share with you our hopes and aspirations in advancing the Iraqi banking sector to imitate its counterparts from Arab and international banks."

Noting that «Iraq sought in recent years, and led by the Central Bank of Iraq and the participation of the Association of Iraqi private banks, to promote the Iraqi banking sector because it is the main artery that feeds and activates the Iraqi economy»

He explained that «despite the exit of Iraq from the controls and restrictions of the seventh item of the United Nations, and openness to The world, but we in the Iraqi banking sector, we still suffer from the so-called banking blockade, as the banking relations of Iraqi banks with Arab and international banks below the required level, and we have endeavored to activate banking relations with foreign banks.

"The Iraqi banking sector is open to all international banks, and there are many Arab or foreign banks already exist in Iraq, and there are other banks wishing to enter the Iraqi market, and this is evidence of the improvement and development of this market, and this was the result of great efforts in building the banking sector The Iraqi from within."

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