The digital economy in Iraq: 10 million bank cards and 15 trillion dinars in payments
The digital economy in Iraq: 10 million bank cards and 15 trillion dinars in payments
2025-08-30 00:20
Shafaq News – Baghdad
The Eco Iraq Observatory, which specializes in economic affairs, announced on Saturday that the number of active bank cards in the country has exceeded 10 million, indicating the rapid expansion towards a digital economy.
The observatory quoted the Baghdad Council for Digital Transformation and Electronic Payments, in a statement received by Shafaq News Agency, as saying, “The qualitative transformation in the electronic payment sector is due to the policies of the Central Bank of Iraq and the government’s support for this process.”
According to the council, the volume of digital payments exceeded 15 trillion Iraqi dinars, including 1.7 trillion dinars for customs, while the remaining transactions were distributed across various other sectors.
The Council emphasized that “electronic payment companies are non-banking financial institutions whose mission is limited to executing transfers without storing funds or opening accounts,” noting that “these companies have directly contributed to building the infrastructure for this transformation.”
He pointed out that “the ongoing reforms in the banking system aim to consolidate governance and strengthen the foundations of the country’s digital economy.”
shafaq.com
