The Central Bank of Iraq has launched e-wallet exchange remittance services intended to let individuals and business owners carry out financial transactions more quickly and flexibly. The new functionality covers reciprocal money transfers between active and permanently verified wallets across different service providers, as well as cross-bank transfers from active permanently verified wallets to merchant wallets of various providers at the point of purchase. The Central Bank framed the launch as supporting financial inclusion, digital transformation and the wider use of financial technologies in Iraq.
Central Bank of Iraq 2025-09-03
Central Bank of Iraq launches e-wallet exchange remittance services enabling transfers between verified wallets and to merchant wallets
The Central Bank of Iraq has introduced e-wallet exchange remittance services to facilitate faster and more flexible financial transactions, supporting financial inclusion and digital transformation. The service enables reciprocal transfers between verified wallets across providers and cross-bank transfers to merchant wallets at purchase points.