Mastercard in strategic partnership with Central Bank of Iraq
BAGHDAD, 9 days ago Mastercard has signed a partnership agreement with the Central Bank of Iraq (CBI) to digitise the country’s payment ecosystem. This is intended to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the advancement toward a cashless society. The partnership first aims to build an efficient, reliable, and secure payment ecosystem, starting with the education sector, and expanding into other sectors. This will not only reduce the use of cash, promote the use of digital payments, and increase government revenues, but will also minimise sizeable operational and administrative inefficiencies in the education industry by reducing the overly manual processes.
Mastercard partners with Central Bank of Iraq to advance digital payments
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Mastercard in strategic partnership with Central Bank of Iraq
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