Government Advisor: Iraq Is Third In The Arab World In Cards

 Government Advisor: Iraq Is Third In The Arab World In Cards     

Economy | 11:02 - 05/31/2025  Mawazine News - Baghdad -  The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Saturday, that Iraq's ranking as third in the Arab world in the number of bank cards issued is an important indicator of the development of the financial sector and the growing community and international confidence in government measures. 

Salih said in a press statement to the official agency, followed by Mawazine News, that "Iraq will enter the era of fully electronic collection in the middle of this year, and this matter enhances the confidence of financial institutions and global investment banks that Iraq is moving towards a more transparent and professional economy with advanced methods that guarantee economic prosperity."

 He added that "electronic collection will also give the impression that the Iraqi financial environment has become more prepared to receive financial technology solutions and investments in the digital banking and insurance sectors in an attractive and accelerated manner," noting that "this step reflects the strategic government effort seeking to modernize the financial infrastructure and facilitate non-cash transactions."

He continued, "Iraq ranked third in the Arab world in the number of bank cards issued, which is an important indicator of the development of the financial sector and the growing community and international confidence in government measures." 

He indicated that "the government is actively pursuing digital financial transformation to achieve advanced levels of sustainable development, in accordance with the indicators of the National Development Plan 2024-2025 and the current government program."

He explained that "the progress achieved by Iraq in the field of using digital banking payments undoubtedly indicates the extent of the accelerated strategic progress achieved in spreading the use of bank cards and the beginning of achieving a structural transformation in the Iraqi economy towards a digital economy."

He stated that "utilizing modern technology will enable Iraq to achieve qualitative leaps in financial inclusion, maximize added value in the national economy, reduce poverty and unemployment, and facilitate economic reforms on a broader scale." 

He pointed out that "this matter is also a major success for the government program related to e-governance and the implementation of an integrated and basic digital infrastructure in preparation for the transition to a digital economy and broad financial inclusion."   https://www.mawazin.net/Details.aspx?jimare=262062