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The Central Bank of Iraq prevents payment providers to provide loans and advances DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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The Central Bank of Iraq prevents payment providers to provide loans and advances Empty The Central Bank of Iraq prevents payment providers to provide loans and advances

Post by claud39 on Fri May 24, 2019 7:28 am

The Central Bank of Iraq prevents payment providers to provide loans and advances




24/05/2019





The Central Bank of Iraq prevents payment providers to provide loans and advances Rc_155867959278_23







The Central Bank of Iraq announced Thursday that the bank is preventing electronic payment service providers from providing loans and advances. 

"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)," the Central Bank said in a statement received by the Central Bank of Iraq. 
"The license granted to them under the Electronic Payment Services System No. 3 of 2014 does not allow contracting with suppliers or with their agents / outlets for the purpose of providing credit facilities in all its forms. This bank is the sector body responsible for organizing and monitoring The work of electronic payment providers of funds in Iraq '.





http://www.uabonline.org/en/news/arabicnews/15751604157616061603157516041605158516031586161015/64094/0
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