Central Bank of Iraq (CBI) Governor Ali Al-Alaq confirmed that Rafidain Bank has adopted the latest electronic payment technologies. He praised the bank for supporting Iraq’s economy and promoting digital transformation.
Al-Alaq spoke at the second scientific conference of the College of Administration and Economics at the University of Duhok. The event used the theme: “Towards a Sustainable Financial Environment through Empowering and Adopting Modern Electronic Payment Technologies and Promoting Financial Inclusion”.
He said, “Rafidain Bank is a solid, well-established government bank with a long history of supporting the national economy.” Moreover, he appreciated the bank’s efforts to implement the Central Bank’s directives. These efforts aim to expand financial inclusion and modernize banking services through electronic payment technologies.
The Rafidain Bank delegation explained that their participation reflects the bank’s commitment to supporting scientific and academic initiatives. For example, the programs help students understand banking technology and apply it in practice. In addition, they promote financial inclusion concepts nationwide.
Through these initiatives, Rafidain Bank continues to advance digital banking in Iraq. Furthermore, the bank strengthens the electronic payment system and enhances access to modern financial services. Experts say these actions support sustainable economic development and align with the Central Bank’s national financial policy.
In addition, Rafidain Bank helps young professionals gain practical experience. As a result, students can contribute to Iraq’s growing fintech ecosystem. The bank also ensures that modern banking solutions reach more citizens. Therefore, Iraq’s financial sector becomes more inclusive and technologically advanced.
Overall, Rafidain Bank demonstrates leadership in innovation and modernization. Its programs support digital transformation, financial inclusion, and economic growth. By combining technology with training, the bank is helping to create a robust, modern financial ecosystem in Iraq.