The Baghdad Council for Digital Transformation and Iraqi E-Payment has announced a major milestone in Iraq’s financial sector, with active bank cards surpassing 10 million and digital transactions exceeding 15 trillion dinars (about $11.4 billion).
According to the council, this growth highlights the impact of the Central Bank of Iraq’s policies and government initiatives to accelerate the country’s digital economy. Of the total transaction volume, 1.7 trillion dinars ($1.3 billion) came from customs payments, with the remainder spread across various economic sectors.
The council emphasized that ongoing banking reforms are central to strengthening governance, improving transparency, and consolidating the foundations of Iraq’s digital transformation. The rise of electronic payments is seen as a pivotal step in modernizing the financial system and expanding digital services nationwide.
