Iraq's IDB introduces Arab Tourist Card
Baghdad (IraqiNews.com) – The International Development Bank (IDB) in Iraq announced on Saturday the launch of the 'Arab Tourist Card' in collaboration with the Visit Iraq platform, which would streamline financial transactions for Arab tourists visiting Iraq.
The IDB said in a statement that it launched the card in collaboration with the official Visit Iraq portal to make financial transactions easier for Arab tourists in the country, the state-run news agency (INA) reported.
The IDB and the national Visit Iraq platform collaborated to create the initiative to promote tourism and improve digital banking services.
The initiative represents a step toward improving Iraq's tourist infrastructure by offering digital payment options tailored exclusively for Arab visitors.
The step follows the Central Bank of Iraq's (CBI) announcement in December to launch several strategic initiatives aimed at enabling Iraqi financial institutions and banks to embrace modern digital solutions.
During his participation in the fourth annual international scientific conference, entitled 'Digital Financial Services—Challenges of Reality and Foresight of the Future,' CBI's governor, Ali Al-Alaq, explained that the bank's strategy focuses on strengthening the banking industry's digital infrastructure and guaranteeing the delivery of cutting-edge and safe services that satisfy clients' growing demands.
Additionally, Al-Alaq elaborated that the CBI launched initiatives to improve cybersecurity in the Iraqi banking sector.
In March, Al-Alaq disclosed that the government is developing a plan for a full-scale digital transformation.
During a meeting in November with the Secretary-General of the Digital Cooperation Organization (DCO), Deemah AlYahya, the Iraqi Prime Minister, Mohammed Shia Al-Sudani, emphasized that the government has included digital transformation in its economic and administrative reforms, as well as electronic payments.
Al-Sudani discussed the government's ability to make a significant shift in this area as well as its readiness to work with the DCO to create projects that help Iraq and the region in the framework of digital transformation and artificial intelligence.
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