The Iraqi Company for Financing Small and Medium Enterprises participated in the workshop (Enhancing Electronic Government Collection), on Thursday, February 22, 2024, which was held by the Iraqi Private Banks Association. In cooperation with the Prime Minister’s Office, Under the auspices of the Central Bank of Iraq at the Al-Rashid Hotel, with the participation of ministries and government institutions, Electronic payment companies and banks.
The Governor of the Central Bank said, Ali Al-Alaq, “The launch of the electronic collection project, This comes as a translation of the commitment of the Central Bank and the banks and financial institutions subject to the supervision of the Central Bank, In implementing its vision and strategic objectives for developing the financial and banking sector.” Pointing out that electronic collection contributes to enhancing government resources because their collection takes place through a reliable, safe, and transparent environment due to the payment systems and electronic payment platforms provided by the Central Bank and licensed payment service providers.
The Director General of the Payments Department at the Central Bank of Iraq, Adnan Asaad, said: 558 government agencies use electronic payment tools in their departments. Especially since the number of cards issued until September 2023 amounted to more than 18.5 million cards.
He confirmed that the total collections using electronic payment for government institutions in the year 2023 amounted to 418.3 billion dinars through 586.8 thousand transactions.