The Iraqi Central Bank allows direct transfer of funds between electronic cards

The Iraqi Central Bank allows direct transfer of funds between electronic cards

10/28/2020 12:21

The Iraqi Central Bank allows direct transfer of funds between electronic cards[Baghdad-Where]
The Central Bank of Iraq announced, on Wednesday, the adoption of the direct transfer of funds between electronic cards.
The bank said in a statement. It is “seeking to implement its strategy in the transition towards electronic payment, the Central Bank of Iraq confirms the adoption of banks issuing electronic cards and providers of electronic payment services, the service of financial transfers between electronic cards (from one card to another)”.

He added, “Provided that the ceiling for one-time transfer does not exceed (400) thousand dinars or its 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.”

alliraqnews.com