UNDP approves the electronic payment services system in Iraq

Economy

18-05-2024, 20:40

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Baghdad - INA

The United Nations Development Program (UNDP) confirmed, today, Saturday, the electronic payment services system in Iraq.

The United Nations Development Program (UNDP) stated, in a statement received by the Iraqi News Agency (INA): “We are pleased to announce the official approval of the electronic payment services system, which was achieved through joint efforts between the Central Bank of Iraq and the Economic Reform Support Project of the United Nations Development Program with generous support from the United States Agency for International Development.”.

He added, "This important achievement - which was officially approved and published in the Iraqi Gazette on April 29, 2024 - confirms the pivotal progress in the financial sector in Iraq."

He explained, "Approving the electronic payment services system is an essential step towards modernizing the country's financial infrastructure, stimulating digital transformation and promoting economic development."