CBI signs MoU with Visa International

April 26, 2018


The Iraqi Central Bank, represented by His Excellency Mr. Ali Mohsen Ismail, signed a memorandum of understanding with Visa International, which has granted membership to more than 16,000 financial institutions worldwide to establish the legal and regulatory framework for work in Iraq.

Where Visa will be able to contribute to the smart ambitions set by the Central Bank of the Iraq market.

This memo helps to build a strategic partnership with Visa, which will contribute to the development of the electronic payment environment in the community in terms of technical, organizational, awareness, transfer of expertise and benefit from the innovations of the company.

Visa International, represented by Mr. Tarek Al Husseini, General Manager of Visa North Africa and Levant, and the accompanying delegation, expressed interest in the strategic direction of the Central Bank of Iraq in terms of payments and electronic systems and expressed its desire to contribute to the transfer of knowledge, development and training of cadres working in this sector through Visa Business School

As well as that this bank seeks to develop the market through effective competition and similar agreements will be signed with other international companies

https://cbi.iq/news/view/685