First Iraqi Bank Announces Iraq's Fully Digital Bank, Gears for a Cashless Economy in the Country
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Monday, December 12, 2022
The company's goal is to meet the rising demand for improved banking options in a cash-based country by establishing a bank that will help Iraq transition to a cashless economy.
Key Points:
- The company's goal is to meet the rising demand for improved banking options in a cash-based country by establishing a bank that will help Iraq transition to a cashless economy.
- "Digital banking has become more prevalent in recent years, but the innovation is still underutilized in some countries, including Iraq," says founder Kawa Junad.
- "With our new digital banking application, we can now provide digital-first banking services including full-scope online banking and direct digital transactions without third-party providers."
- Junad explains, "First Iraqi Bank is more than just a digital bank.