Central Bank launches electronic payment service across Zain

By wab3 -
December 31, 2015 16:03


BAGHDAD / WAP / approved by the Central Bank of Iraq, Thursday, on the launch of the electronic payment service via the Zain mobile phone in a move that is the first of its kind in Iraq, while Zain explained that the service will enable the subscriber to transfer and receive money within Iraq and pay the bills and fees.

Zain said the company in a statement seen news agency, Baghdad International / WAP / him that "Zain Iraq's leading mobile telecommunications company and the transfer of data announces service (Zain Cash) on its network and cooperation with Iraq, a portfolio company (Iraq Wallet) specialized in the provision of electronic financial services after officially receiving a license from the Central Bank of Iraq to provide electronic payment services. "

She explained that "service (Zain Cash) will enable the subscriber registered in the service of conversion and receipt of funds within Iraq and across Zain Iraq network," returned the service as a "first of its kind in Iraq."

She emphasized that "This service is an important and sophisticated would do to use the mobile phone as Stholh to purse a stretcher," noting that "the service will allow subscribers to conduct financial transactions such as send and receive money within Iraq, or refilling of telephone lines and pay the bills in the Zain network at any time and in a manner Easy and fast. "

They pointed out that "service that was designed by a specialized team and partners local and international is part of the technological development that accompany the post-third generation in Iraq, to ​​meet the common need and give it the freedom and opportunity to facilitate daily transactions wherever they are," indicating that "the service provided where the amount of large and easy to maintain the money in a safe manner similar to other markets. "

She continued that "the company has created and trained many of the teams in customer service and agents and outlets center and many selling points (Zain Cash's new service), which will reach more than 21,000 points, according to plan in order to meet its customers with the service requirements," stressing that "the registration service will be for free by going to the nearest authorized service center or call (* 210 #) and follow the instructions or send your (recording) a message to the number 2100. "

She pointed out that "(Zain Cash Service) will enable subscribers to pay bills Kovatir electricity, pay traffic fines easily fees", noting that "those authorities in the final stages of the application of these systems and services will open up new horizons."

She explained that "the new service will also enable companies from paying salaries and convert safely and effectively in Iraq," indicating that "the service was declared to companies contracting with Zain Iraq and entities, and will be subject to global systems and protocols safe".

She explained that "the service will be subject to the control of the Iraqi Central Bank, which identified operational regulatory and administrative frameworks for these services based on the objective of the Central Bank of Iraq in the year for these laws and regulations in line with international standards, and strive to promote confidence in the economy through the creation of a safe environment healthy and competitive system available to everyone and this It was confirmed by the Central Bank of Iraq on several occasions. "

She stressed Zain, that "(Zain Cash) will be subject to each own secure financial transactions procedures in all countries of the world, and give full safety of users and the ease with full money transfer and receive anywhere in Iraq and moments numbered, under the supervision of a specialized team and the coach," ./ ended
News posted on August Alwats


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Electronic payment service in the whole of Iraq and the Kurdistan Region, Asiacell announces the launch of electronic payment project (Asia Money)

December 29, 2015 Comments on the electronic payment service in the whole of Iraq and the Kurdistan Region, Asiacell announces the launch of the electronic payment (Asia Money) closed

Asiacell mobile phone service, announced the launch of electronic payment (Asia Service Money project), in the whole of Iraq and the Kurdistan Region, and became a joint can pay wages of electricity, water and irregularities, salaries and other and Baeks.zrnkoasaa Money is a company wide non-bank provide financial liquidity and clipboard and electronic credit cards and the distribution of salaries and remittances of money and purchase transactions via mobile phone.

And cooperate Asiacell in Iraq with the Iraqi Central Bank, and in the province of Kurdistan cooperate with the central bank in the region, and will open 16 thousand for the sale of the ticket center.

And the service is required for those wishing to be mentioned of Asiacell line users, and to buy a ticket Asia Money, and dial * 212 # and the application of the rest of the instructions, and there is a special secret codes for the uneducated to make sure the transmitter process before implementation.

There is no requirement that the recipient of the Asia Money users, it can send money to any person based on personal identity, so that the recipient of the receipt of any money through the center of the company's centers.

And held CEO of Asia Money, Zrnk Farouk, a press conference today announced that the project has been activated in the Kurdistan region, Iraq now, and transfer only be in Iraqi dinars.

He added that in the coming years will be to activate the service all over the world, and will also transfer to the dollar.

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