International Smart Card Company contributes to financial inclusion

Over the past four years, the Central Bank of Iraq has been able to achieve a technical revolution in the field of payment systems and modern banking technologies and electronic payment, which led to the transfer of banking products to advanced services to serve customers and compete the offer of Arab and foreign banks of the services of its customers.


What is important here is that e-payment companies, owned by private shareholders, have supported the direction and implementation of the Central Bank's strategy for the years (2016-2020) in the development of payment systems and electronic payment techniques, reflecting the high financial coverage ratio according to the latest World Bank report from 11% to 22%. %.


Which is to be confirmed here is the role played by the International Company for smart card (K), which is the first company that introduced electronic payment technologies to Iraq in 2007 in partnership with Rafidain Bank and Rashid using the card (smart card) to pay the salaries of retired civilian and military beneficiaries of welfare salaries Which is the first national mixed company managed by the Iraqi private sector and the government banking sector.


This product has been able over the past years to provide fast service without risk to the ways to 7 million subscribers by thousands of outlets and that of The advantages of the product can be filled in all branches of Rafidain Bank and by the ports spread along the geographical area of ​​Iraq and can be reissued in the event of loss, damage, theft or fraud without any risk to the customer or money in the card because of biometric technology The company has also issued a card MasterCard It is a global bank card which provides the opportunity to deposit money or spend it electronically or via ATM and it is linked to a bank account, which made the company cross the borders of Iraq through its partnerships with global payment systems, making Kee as a national product competing globally.


The new product provides grants to local employees salaries in Rafidain Bank advances ranging from 5 - 10 million dinars and without the sponsor and without a routine and only the finger of the beneficiary's finger To confirm the order of the advance.


So we have said that KI is the leader in the national private sector in providing electronic payment services.




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