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"Money" completes the project of transferring electronic financial data to banks
Economy News - Baghdad
Al-Malwal Company for electronic payment services announced, on Tuesday, that it has completed the project of transferring data and electronic financial movements of banks contracting with it to the live work environment in the company’s data center inside Iraq.
The company said in a statement received by "Al-Iqtisad News", that it "with the beginnings of the month of March of this year and in compliance with the instructions of the Central Bank of Iraq, completed a project to transfer all data and electronic financial movements to Iraqi banks contracting with them, dealers and all of its customers to the live work environment in the company data center inside Iraq ".
The statement added that the company’s data center is “equipped with the latest technologies and software to meet the aspirations of beneficiaries to obtain the best payment services and all operations are now being followed up to ensure the highest quality.”
He continued, "The money company was established for the electronic payment industry inside Iraq, and it is the first company that enabled its banks to issue internationally accepted electronic cards, and the company today is part of a network that includes Iraq, Jordan and Palestine."
It is reported that the money company is a company licensed by the Central Bank of Iraq with a license (collector, processor, source) and it serves nine Iraqi banks and a large number of merchants.
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