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The central bank enables direct transfer of funds between electronic cards
October 28, 2020
In pursuit of implementing its strategy of shifting towards electronic payment, the Central Bank of Iraq confirms that banks that issue electronic cards and providers of electronic payment services have adopted the service of financial transfers between electronic cards (from one card to another), provided that the transfer ceiling for one time does not exceed (400) thousand dinars or equivalent. In US dollars,
while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars.
The Central Bank of Iraq
information Office
October 28, 2020
The central bank enables direct transfer of funds between electronic cards
October 28, 2020
In pursuit of implementing its strategy of shifting towards electronic payment, the Central Bank of Iraq confirms that banks that issue electronic cards and providers of electronic payment services have adopted the service of financial transfers between electronic cards (from one card to another), provided that the transfer ceiling for one time does not exceed (400) thousand dinars or equivalent. In US dollars,
while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars.
The Central Bank of Iraq
information Office
October 28, 2020
