Deputy for the National Alliance: the development of the retail payment system through "mobile phone" will facilitate financial transactions in the country

12:13 2013-04-12


Follow-up - and babysit -

According to a member of the Finance Committee MP / National Alliance / Amin al-Hadi, the importance of developing financial and banking systems in the country for its contribution to advancing investment and the economy forward.

Hadi said: The orientation of the Iraqi Central Bank to develop the retail payment system through the use of a 'mobile phone' will facilitate the trading of banking and financial transactions, saying it is one of the modern technological systems that operate most of the world.

He added: that these modern systems to adapt its investment and thus will contribute to attracting international companies to invest in the country, noting that the central bank is the only body responsible for issuing licenses to banks and the respective letters of assets and the development of the financial sector in the country.

It is noted that the Central Bank of Iraq extended an invitation for (30) global company specialized for the development of the retail payment system using mobile



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M. J