Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Iraq’s active bank cards have surpassed 10 million, with digital payments crossing $11.4 billion in value. Backed by Central Bank policies and government reforms, the surge reflects growing confidence in electronic transactions and marks a key milestone in building a modern digital economy.
Iraq’s youthful population and growing digital appetite make telecommunications central to its future. Zain Iraq, the country’s largest operator, is driving this transformation by investing in networks, local talent, innovation, and cultural trust — ensuring that connectivity becomes a bridge to opportunity, resilience, and progress.
EQIQ has invested $3 million in the launch of Iraq’s first AI-powered digital bank, led by Hussain Qaragholi, as part of a $15 million funding round. The bank aims to modernize Iraq’s underserved banking sector with mobile-first fintech solutions, supporting EQIQ’s broader strategy to advance the country’s digital economy.