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Iraq’s Digital Leap: – 12M Cards and Counting!
Iraq is taking huge steps toward a cashless economy —
link to My FX Buddies Blog
and the results are starting to show. With more than 12 million electronic payment cards issued and thousands of point-of-sale devices deployed nationwide, Iraq is moving rapidly from a cash-heavy economy toward a more transparent and connected financial system.
In this episode, we break down:
How the Central Bank of Iraq has transformed salary payments for 5.6M employees
The role of companies like Qi Card in building trust and reaching rural communities
The introduction of biometric updates, installment services, and instant advances
The government’s push to roll out POS devices in public and private sectors
How apps like SuperKey are combining payments, transfers, and government services
Support My FX Buddies:https://cash.app/$tishwash.... https://paypal.me/tishwash....Get a FREE transcript at:https://rss.com/podcasts/myfxbuddies...This is more than just convenience — it’s a major shift in Iraq’s economy that could reduce corruption, improve tax collection, and connect Iraq to global markets. But challenges remain, including legislation updates, user education, and patchy internet access in some regions.
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By Tish WashingtonIraq is taking huge steps toward a cashless economy —
link to My FX Buddies Blog
and the results are starting to show. With more than 12 million electronic payment cards issued and thousands of point-of-sale devices deployed nationwide, Iraq is moving rapidly from a cash-heavy economy toward a more transparent and connected financial system.
In this episode, we break down:
How the Central Bank of Iraq has transformed salary payments for 5.6M employees
The role of companies like Qi Card in building trust and reaching rural communities
The introduction of biometric updates, installment services, and instant advances
The government’s push to roll out POS devices in public and private sectors
How apps like SuperKey are combining payments, transfers, and government services
Support My FX Buddies:https://cash.app/$tishwash.... https://paypal.me/tishwash....Get a FREE transcript at:https://rss.com/podcasts/myfxbuddies...This is more than just convenience — it’s a major shift in Iraq’s economy that could reduce corruption, improve tax collection, and connect Iraq to global markets. But challenges remain, including legislation updates, user education, and patchy internet access in some regions.