Rafidain Bank achieved 841 billion dinars in digital revenue growth during one month. The bank completed 73,226 electronic settlements across Iraq. This performance highlights rapid digital revenue growth in the public sector.
First, Rafidain Bank collected more than 841 billion Iraqi dinars through electronic systems. The bank processed payments on behalf of government institutions. Therefore, state departments relied heavily on digital channels. This shift confirms strong digital revenue growth nationwide.
Moreover, the total number of electronic settlements reached 73,226 transactions. This number shows a clear expansion in digital payment adoption. Government entities increasingly prefer electronic collection systems. Consequently, manual cash handling continues to decline.
In addition, the number of active government departments rose sharply. Authorities activated 2,544 departments on the electronic system. In comparison, 1,808 departments used the system during the same period last year. This increase reflects widening institutional trust.
Furthermore, officials continue to support financial digitalization policies. They aim to enhance transparency and improve revenue tracking. Digital platforms allow faster verification and secure documentation. As a result, the system strengthens public financial management.
Notably, electronic settlements reduce administrative delays. They also lower operational costs for government bodies. Therefore, ministries and agencies gain more efficiency in revenue collection. This efficiency supports broader fiscal reforms.
Meanwhile, the government promotes digital infrastructure upgrades across the banking sector. Authorities encourage state institutions to integrate electronic payment tools. They also train employees to manage digital platforms effectively. These measures accelerate digital revenue growth.
Additionally, Rafidain Bank plays a central role in Iraq’s financial modernization. The bank continues to expand its electronic services portfolio. It works closely with public institutions to streamline revenue flows. Consequently, the bank enhances coordination between financial and administrative sectors.
Importantly, digital transformation improves accountability within government operations. Electronic records create clear transaction trails. This transparency helps reduce irregularities and strengthens public confidence. Therefore, digital revenue growth contributes to stronger governance.
Overall, Rafidain Bank’s 841 billion dinar milestone signals measurable progress. The 73,226 electronic settlements demonstrate active system usage. The activation of 2,544 departments confirms institutional expansion. Iraq’s banking sector now moves steadily toward full digital integration through digital revenue growth.