Inclusion of the Palestinian Community in Iraq in Digital Financial Services Marks a Step Towards Broader Financial Inclusion

mesoiraq - Diplomatic efforts and joint coordination with the Central Bank of Iraq and specialized financial entities have successfully integrated the Palestinian community residing in Iraq into electronic payment systems via digital wallets. This milestone represents a significant leap in implementing the financial inclusion strategy, granting a new demographic access to money transfers, bill payments, and direct digital transactions. The initiative aligns with governmental directives to reduce reliance on cash handling and bolster the digital economy, pending the completion of executive procedures that will facilitate financial transactions for beneficiaries and enhance the efficiency of the nation's payment ecosystem.

Source: Iraq Fintech Network