The Central Bank of Iraq held an expanded meeting in Baghdad with licensed electronic payment service providers and relevant central bank departments to review the main challenges facing the sector and discuss how to improve services. The discussions focused on measures to raise the efficiency of Iraq's financial and banking system and support the country's broader digital transformation. The review covered technical, administrative and regulatory issues in payment companies' operations, alongside the firms' future plans. Key themes were stronger compliance with Central Bank of Iraq rules and instructions, infrastructure modernization, and upgrades to companies' technical and supervisory systems in line with international standards. Participants also discussed solutions and targeted initiatives to improve Iraq's electronic payments environment, with emphasis on security, efficiency, reliability, financial inclusion and a safe transition to a digital economy.
Central Bank of Iraq2026-05-17
Central Bank of Iraq convenes licensed payment providers on compliance and infrastructure upgrades for electronic payments
The Central Bank of Iraq held an expanded meeting in Baghdad with licensed electronic payment service providers to review sector challenges and discuss measures to improve services and support digital transformation. Discussions focused on strengthening compliance with Central Bank rules, modernising infrastructure and supervisory systems in line with international standards, and developing initiatives to enhance security, efficiency, reliability and financial inclusion in the electronic payments environment.