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Ki: Electronic payment supports economic reform

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International Development Bank is licensed by Visa Card International



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The International Development Bank (IDB) announced on Monday that it has obtained a Visa Card global license to issue cards locally. 
A source at the bank told "Economy News" that "the International Development Bank for investment and finance obtained the license of Visa Card International to issue cards locally," noting that this step is a major banking achievement to develop banking and introduce modern technology to serve customers. 
The source added that the International Development Bank is ready to cooperate with banks to serve the revolution of banking technology and the creation of new services to be included within the work of the banking system.


http://economy-news.net/content.php?id=12048
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I wonder if the  arab world  calls  the visa  1-800   number do they get  English folks on the other end  ? (  as  English  sometimes get     foreign speaking  assistance  :huh: )  :lol:

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Logo of the Central Bank of Iraq

  

 Banks


Economy News Baghdad:

The Central Bank of Iraq announced that it will sign a memorandum with Visa International on Wednesday to grant its legal framework within Iraq.

"On Wednesday, the central bank will sign a memorandum of understanding with Visa International that will provide the legal framework for the company in terms of providing services, consultancy and support to the banking and financial sector," said Central Bank Payments Department Director, Duha Abdel Kareem.

"The presence of Visa International in Baghdad will make a positive change on the economic market," adding that "the central bank has steps to support competition between international financial companies."


Views 170   Date Added 04/24/2018

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Central Bank of Iraq

The Central Bank of Iraq announced that it will sign a memorandum with Visa International on Wednesday to grant its legal framework within Iraq.

"On Wednesday, the central bank will sign a memorandum of understanding with Visa International, which will provide the legal framework for the company in terms of providing services, consultancy and support to the banking and financial sector," said Central Bank Payments Department Director Doha Abdul Karim.

"The presence of Visa International in Baghdad will make a positive change on the economic market," adding that "the central bank has steps to support competition between international financial companies."

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Thanks Yota....You would think that there had to be something brought up about the true market rate of the dinar and how it's performance on the international market with an open economy would benefit the process a whole lot better than spreads on the auction...jmho

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MODS, never noticed Thugs already posted. Please hide or remove.

 

  Thxs, pp

 

 

The Central Bank signs a memorandum with Visa International tomorrow
 
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Logo of the Central Bank of Iraq
 

 Banks


Economy News Baghdad:

The Central Bank of Iraq announced that it will sign a memorandum with Visa International on Wednesday to grant its legal framework within Iraq.

"On Wednesday, the central bank will sign a memorandum of understanding with Visa International, which will provide the legal framework for the company in terms of providing services, consultancy and support to the banking and financial sector," said Central Bank Payments Department Director, Duha Abdel Karim.

"The presence of Visa International in Baghdad will make a positive change on the economic market," she said, adding that "the central bank has steps to support competition between international financial companies."

 
 
  Date Added 24/04/2018



http://economy-news.net/content.php?id=12069

 
 
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Man, can this get any better. Financial inclusion kicks off tomorrow to eduacte the public..and oh yeah..depsit those high n bad notes to get the lower denoms...man o man

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8 hours ago, jeepguy said:

I wonder if the  arab world  calls  the visa  1-800   number do they get  English folks on the other end  ? (  as  English  sometimes get     foreign speaking  assistance  :huh: )  :lol:

As long as they don't get "Peggy".

 

 

https://youtu.be/F8L2cI8brzQ

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3 hours ago, navira45 said:

Man, can this get any better. Financial inclusion kicks off tomorrow to eduacte the public..and oh yeah..depsit those high n bad notes to get the lower denoms...man o man

Got to hand it to you..... you lost me last September..... but you’ve been making great sense over the last few months! I hope you are right!!! First rounds on me! ;) 🍻Cheers!

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Visa won't even work with cryptos right now. My hopes are that this is a good sign for the dinar. 

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32 minutes ago, justchecking123 said:

What does "financial inclusion" entail?

Not sure what iraqs version of it is but this is how the world bank views it , in short its getting the unbanked banked .'

 

Financial inclusion .........means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.

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