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The central bank enables direct transfer of funds between electronic cards

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ikea


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https://cbi.iq/news/view/1588

The central bank enables direct transfer of funds between electronic cards

October 28, 2020

In pursuit of implementing its strategy of shifting towards electronic payment, the Central Bank of Iraq confirms that banks that issue electronic cards and providers of electronic payment services have adopted the service of financial transfers between electronic cards (from one card to another), provided that the transfer ceiling for one time does not exceed (400) thousand dinars or equivalent. In US dollars,

while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars.

The Central Bank of Iraq
information Office
October 28, 2020

ikea


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https://baghdadtoday.news/news/135906/المركزي-يسمح-بالتحويل-ال

The Central Bank allows direct transfer via electronic cards and sets a ceiling for the amounts transferred

257 Economy 10/28/2020 11:48 ht  
Baghdad today - Baghdad


The Central Bank of Iraq announced, on Wednesday, (October 28, 2020), that direct transfer via electronic cards is permitted, while the ceiling for the one-time transfer does not exceed (400) thousand dinars.

In a statement received (Baghdad today), the Central Bank said, "In an effort to implement its strategy of shifting towards electronic payment, the Central Bank of Iraq confirms the adoption of electronic card-issuing banks and electronic payment service providers, the financial transfer service between electronic cards (from one card to another), provided that no The one-time transfer ceiling exceeds (400) thousand dinars or its equivalent in US dollars."

The statement added, "The limits of the transferred amounts during one month will reach (2) million dinars, or its equivalent in US dollars.

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