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The Central Bank prevents electronic payment providers from providing loans and advances

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The Central Bank prevents electronic payment providers from providing loans and advances Empty The Central Bank prevents electronic payment providers from providing loans and advances

Post by claud39 on Thu May 23, 2019 8:08 am

The Central Bank prevents electronic payment providers from providing loans and advances




May 23, 2019





The Central Bank prevents electronic payment providers from providing loans and advances Article-155860320536688



The Central Bank of Iraq would like to emphasize that the Banking Law No. (94) of 2004 does not allow electronic payment service providers to provide credit services (loans and advances). This bank also states that the license granted to them under the Electronic Payment Services System No. (3) of 2014 Do not allow contracting with the above suppliers or their agents / outlets for the purpose of providing credit facilities in all its forms. This bank is the sector authority responsible for organizing and monitoring the work of electronic payment providers in Iraq .
23 May 2019


https://cbi.iq/news/view/1115
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