Implementing international trade exchange for the Middle East turns Iraq into an "electronic financial exchange center"

[6ly410]

Implementing international trade exchange for the Middle East turns Iraq into an "electronic financial exchange center"

Translated reports | Today, 20:11 | 

Implementing international trade exchange for the Middle East turns Iraq into an "electronic financial exchange center" » Baghdad Today News Agency

    

 

 

Baghdad Today - Translation

The Korean company (Fintech) announced on Monday the launch of the first service provided to the Middle East for international multiple currency transfers and cross-border trade conflicts through Iraq.

It confirmed that it has obtained the approval of the Central Bank of Iraq to be the first entity authorized to deal with international digital trade in the Middle East.

The company said through statements reported by the economic network (Newsfile) and translated by (Baghdad Today), that "the company, in cooperation with Ishtar Gate, launched the international financial cards service, which will enable Iraqi citizens to use the cards for international commercial trading of all kinds, in addition to transferring foreign currencies in real time through direct electronic dealing within the card services."

The company said that the service is "unprecedented in the Middle East," announcing that Iraq is the leading country in the region in the application of electronic exchange and financial transfer technology through cards and for citizens in general, explaining that it plans to launch the project at a later time in both Saudi Arabia and the UAE based on the Iraqi Center.

"The leading services will provide new horizons for the Iraqi market in ten foreign currencies, including the US dollar and the Iraqi dinar," she said.

The company indicated that it will open the door to foreign investment at the individual level as well, while also explaining that cooperation with the Chinese company (UnionPay) will also provide the possibility of financial transfer in local currencies and easily between the Iraqi and Chinese markets and fully electronically.

She added that "regional banks and banks, especially in Saudi Arabia and the UAE, will start next year 2023 to rely on the Iraqi market for electronic financial transfer, as it is the only "leading" market currently in the field, which provides unprecedented financial services in the Middle East."

 

[Officiallytook]

BangBang lol

[6ly410]

lol

[Officiallytook]

5 minutes ago, 6ly410 said:

lol

Honestly though this is unprecedented... like so dope a move for us its lowkey driving me insane... like expect it unexpectedly yet be expecting it any day now

[6ly410]

cheers

[Pitcher]

You guys are using "POW" when you should be using the Thanks or Like emoji. 

 

Come on man!!  Let's go   Cheers.  😛 🤑😀😃
 

[Wheelman]

3 hours ago, 6ly410 said:

Implementing international trade exchange for the Middle East turns Iraq into an "electronic financial exchange center"

Translated reports | Today, 20:11 | 

Implementing international trade exchange for the Middle East turns Iraq into an "electronic financial exchange center" » Baghdad Today News Agency

    

 

 

Baghdad Today - Translation

The Korean company (Fintech) announced on Monday the launch of the first service provided to the Middle East for international multiple currency transfers and cross-border trade conflicts through Iraq.

It confirmed that it has obtained the approval of the Central Bank of Iraq to be the first entity authorized to deal with international digital trade in the Middle East.

The company said through statements reported by the economic network (Newsfile) and translated by (Baghdad Today), that "the company, in cooperation with Ishtar Gate, launched the international financial cards service, which will enable Iraqi citizens to use the cards for international commercial trading of all kinds, in addition to transferring foreign currencies in real time through direct electronic dealing within the card services."

The company said that the service is "unprecedented in the Middle East," announcing that Iraq is the leading country in the region in the application of electronic exchange and financial transfer technology through cards and for citizens in general, explaining that it plans to launch the project at a later time in both Saudi Arabia and the UAE based on the Iraqi Center.

"The leading services will provide new horizons for the Iraqi market in ten foreign currencies, including the US dollar and the Iraqi dinar," she said.

The company indicated that it will open the door to foreign investment at the individual level as well, while also explaining that cooperation with the Chinese company (UnionPay) will also provide the possibility of financial transfer in local currencies and easily between the Iraqi and Chinese markets and fully electronically.

She added that "regional banks and banks, especially in Saudi Arabia and the UAE, will start next year 2023 to rely on the Iraqi market for electronic financial transfer, as it is the only "leading" market currently in the field, which provides unprecedented financial services in the Middle East."

 

One Basket 🧺! Shabibi Red Book monetary policy is being implemented!

OMGooodnessss! This goes hand and hand with Kuwait final compensation.

[dinareffic]

Wow.  This is huge.  Lots of stuff coming together right before 1.1

 

seated government 

Recovering  stolen money 

Attacking corruption 

140 activation 

lots of exchange rate stuff 

HCL seems to be on forefront 

 

guys and gals.  I know Iraq and “in a hurry “ don’t go hand in hand but they seem to be getting a lot done before a certain date. Just saying. 🙏🏻🙏🏻

[dinareffic]

Wow.  This is huge.  Lots of stuff coming together right before 1.1

 

seated government 

Recovering  stolen money 

Attacking corruption 

140 activation 

lots of exchange rate stuff 

HCL seems to be on forefront 

Kuwait file completed

 

guys and gals.  I know Iraq and “in a hurry “ don’t go hand in hand but they seem to be getting a lot done before a certain date. Just saying. 🙏🏻🙏🏻

[6ly410]

[Fairways&Greens]

Great find 6ly410! 
 

There is a whole lot of buzz right now in Iraq. Much news and announcements each week; but more importantly, Iraq and their government seem to be ACTING on some important things. And it does seem very urgent. Hopefully it all leads to big news very soon!

[WheresmyRV?]

This has to be the article of the week!  Good find 6YL! 

[3n1]

6 hours ago, Wheelman said:

One Basket 🧺! Shabibi Red Book monetary policy

 

i remember you breaking it all down a few years ago ... heres hoping , cheers 

[Officiallytook]

9 hours ago, Pitcher said:

You guys are using "POW" when you should be using the Thanks or Like emoji. 

 

Come on man!!  Let's go   Cheers.  😛 🤑😀😃
 

This is the way

[Laid Back]

Go Stronger Dinar $1+

[lmb4321]

Finally....like where we are headed for....could be a great early 2023....🙏

[DanP]

I downloaded the app to see if it’s all set.   The bank application requires a 964 area code to sign up. This is awesome! What’s interesting is around 2014 is when Fintech started signing up it’s digital platform to countries surrounding Iraq…..  Iraq was supposed to RV back then. 
The plot thickens.  

[jeepguy]

On 12/13/2022 at 3:47 AM, DanP said:

downloaded the app to see if it’s all set.   The bank application requires a 964 area code to sign up.

save some time here ------> 964  is Iraq area code, not used in the u.s. anywhere .

[ametad]

I like this idea. 

[6ly410]

Blue to launch a fintech app for Iraq

• IraqiNews
•  December 17, 2022
• Blue to launch a fintech app for Iraq - Iraqi News
•  3 min

Photo: Bluepay

Baghdad (IraqiNews.com) – The newest technology from the Iraqi fintech company Blue now enables users to trade equities that are listed on the US stock exchange via a mobile application called Bluepay.

The app just received approval from the Central Bank of Iraq, making it the first business to provide services for international money transfers.

“This is an unprecedented technology solution built and provided locally in Iraq,” said Ali Al-Saeed, CEO of Blue. “It has triggered other fintech-provided services such as a multi-currency solution that opens up a new horizon of opportunities in the Iraqi market.”

Users of Bluepay may issue a UnionPay Card using the app, enabling them to conduct financial transactions to and from China. For SMEs in Iraq and the MENA area, Bluepay UnionPay opens up the China corridor, enabling them to do more business with Chinese firms.

“Our goal is to create the first super financial app in the region that gives freedom to users, while also enabling regional banks to provide unparalleled services using our technology,” said Al-Saeed.

Additionally, the app’s multi-currency technology enables users to top up their accounts in both dollars and Iraqi dinars and then swap their balances into ten additional currencies.

Blue is hoping to continue its regional development in the Middle East after its recent expansion in Iraq. “We plan to expand our services in the region by focusing on Saudi Arabia and the UAE in the first quarter of 2023,” said Al-Saeed.

Blue is authorized to offer services to help Iraqi banks carry out projects involving digital payment, such as issuing and managing credit, prepaid, and debit cards, operating, setting up.

 

[6ly410]

Blue to debut a fintech super app for Iraq and the Middle East

 

Blue to debut a fintech super app for Iraq and the Middle East (yahoo.com)

 

Fri, December 16, 2022 at 12:52 AM MST·2 min read

 

 

DUBAI, United Arab Emirates, December 16, 2022--(BUSINESS WIRE)--Blue (Ishtar Gate Company for E-Payment Systems and Services), an Iraq-based fintech company providing a wide range of technology solutions, has released its latest technology that allows users to trade US-listed stocks via a mobile app called Bluepay. Recently approved by the Central Bank in Iraq as the first and only company to offer international money transfer service, Blue CEO Ali Al-Saeed, said, "This is an unprecedented technology solution built and provided locally in Iraq. It has triggered other fintech-provided services such as a multi-currency solution that opens up a new horizon of opportunities in the Iraqi market."

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221216005099/en/

Blue to debut a fintech super app for Iraq and the Middle East (Graphic: Business Wire)

 

Regardless of the type of cards they have, the multi-currency technology available to all users of the app helps them top up their accounts with by both dollars and Iraqi dinars, then exchange their balances into 10 other currencies. "For instance, converting to Turkish lira enabled tourists to Turkey to have a local-like card and small businesses purchasing products from Turkey had access to e-commerce platforms that only deal with Turkish-issued financial products," he added.

Corridor to China

Via the app, Bluepay users can issue a UnionPay Card, a Chinese state-owned financial services company, that helps them carry out financial transactions to/from China. Bluepay UnionPay opens the China corridor for SMEs in Iraq and MENA region to do more business through Chinese companies.

Ali Al-Saeed explained, "Our goal is to create the first super financial app in the region that gives freedom to users, while also enabling regional banks to provide unparalleled services using our technology. We plan to expand our services in the region by focusing on Saudi Arabia and the UAE in the first quarter of 2023."

Followed Blue Platinum, the first platinum prepaid card

"All this comes a few months after the launch of Blue Platinum, the first platinum prepaid card that Bluepay launched in Iraq in partnership with Visa International that aims to provide normal consumers with platinum add-ons as well as other fintech technologies such as the multi-currency capability and zero fess for online transaction," he concluded.

[screwball]

On 12/13/2022 at 7:47 PM, DanP said:

I downloaded the app to see if it’s all set.   The bank application requires a 964 area code to sign up. This is awesome! What’s interesting is around 2014 is when Fintech started signing up it’s digital platform to countries surrounding Iraq…..  Iraq was supposed to RV back then. 
The plot thickens.  

Yep 2014 is when mosul fell thanks to Obama and his ISIS

[6ly410]

New App allows Iraqis to trade US-Listed Stocks | Iraq Business News (iraq-businessnews.com)

 

New App allows Iraqis to trade US-Listed Stocks

18th December 2022 in Investment, Iraq Banking & Finance News

By John Lee.

Ishtar Gate Company for E-Payment Systems and Services, an Iraq-based fintech company, has reportedly released an app that allows users to trade US-listed stocks via a mobile app called Bluepay.

According to Newsfile, the company was recently approved by the Central Bank in Iraq (CBI) as the "first and only company to offer international money transfer service."

It says the service also facilitates financial transactions to and from China.

Blue CEO Ali Al-Saeed, said:

"This is an unprecedented technology solution built and provided locally in Iraq. It has triggered other fintech-provided services such as a multi-currency solution that opens up a new horizon of opportunities in the Iraqi market."

(Source: Newsfile)

[Officiallytook]

Let's go Iraq!!!! Let's Fkn GO!!!

Edited December 18, 2022 by Officiallytook
More inspiration

[Officiallytook]

World banks trying to keep us down

 

Good find, with all this BS going on at the CBI I can see how this could be true, they're like look how successful we've been in n iraq bet we can do this globally as well