Financial Technology Revolution in Iraq: Towards an Integrated Digital Economy

The financial technology (FinTech) sector in Iraq is witnessing rapid growth thanks to Central Bank support and the government direction towards comprehensive automation. Mobile payment services and smart cards have become an essential part of citizens' daily transactions, leading to reduced queues at banks and government institutions. Economic experts emphasized that digitizing money effectively contributes to limiting manipulation and bribery and ensures funds reach the state treasury quickly and accurately. These technologies also provide accurate statistical data for decision-makers regarding market movement and purchasing power, helping to develop successful economic policies. Tech startups are currently working on developing innovative solutions for microfinance and supporting entrepreneurial projects, fostering a spirit of innovation and creating a strong private sector based on knowledge and modern digital technology.