CBI enables direct transfer of funds between electronic cards
October 28, 2020
Seeking of implementing its strategy of shifting towards electronic payment, the Central Bank of Iraq confirms that banks issue electronic cards and providers of electronic payment services have adopted the service of financial transfers between electronic cards (from one card to another) as long as 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.
Central Bank of Iraq
Media Office
28/10/2020
