Rafidain Bank: Achieving an unprecedented boom in the volume of electronic collection settlements.
Rafidain Bank: Achieving an unprecedented boom in the volume of electronic collection settlements.
2025-09-17
Rafidain Bank announced, on Wednesday, an unprecedented boom in the volume of electronic tax settlements transferred to government departments’ accounts. The bank’s media outlets stated in a statement that, “In a scene that reflects the rapid shift towards a digital economy in Iraq, Rafidain Bank has achieved an unprecedented boom in the volume of electronic tax settlements transferred to government departments’ accounts, with the total from the beginning of the year until the end of August 2025 reaching more than 5.5 trillion dinars, an annual increase of nearly 976%.”
He added, “This achievement is not limited to numbers alone, but extends to the institutional structure, as the number of government entities activating the system expanded from 1,395 entities in early 2024 to 2,125 entities by the end of August 2025. This qualitative leap indicates the expanding scope of reliance on digital channels in managing public revenues and the enhanced confidence of government institutions in electronic payment and collection services.”
He also pointed out that “this performance comes within a strategic direction that extends beyond the bank to form a fundamental pillar of the government’s digital transformation program, contributing to raising the efficiency of financial resource management and enhancing transparency and governance. Through this shift, Rafidain Bank is consolidating its role not only as a traditional banking institution, but as a key player in redefining the relationship between the state and citizens through a more efficient and flexible financial system.”
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