Economy

1000 ATMs will be installed by end of year across all provinces in KRG

The number of banks participating in the project is steadily increasing, including BBAC, IIB, CIHAN, RT, and NBI, all of which are recognized and approved by the Central Bank of Iraq.

Kurdistan 24 2024/04/04 18:14

MyAccount Initiative logo. (Photo: Kurdistan 24)

Kurdistan MyAccount initiative Salary distribution Central Bank of Iraq

ERBIL (Kurdistan 24) - The registration process for Kurdistan Regional Government (KRG) salaried employees in the "My Account" project continues, with the number of registrations reaching 260,000 people. Additionally, 153,000 cards have been issued to those registered.

Approximately 1,000 ATMs will be installed across all provinces, districts, and areas of the Kurdistan Region of Iraq (KRG) by the end of 2024, as announced by the Kurdistan Regional Government (KRG) Media and Information Office on Thursday.

The number of banks participating in the project is steadily increasing, including BBAC, IIB, CIHAN, RT, and NBI, all of which are recognized and approved by the Central Bankof Iraq.

As a pilot initiative last year, employees of Erbil Maternity Hospital received their salaries through "My Account."

At the conclusion of last year, the colleges of arts, agriculture, and science at Salahaddin University began receiving salaries through "My Account."

Some of the project's services include:

1. Access to hundreds of ATMs to withdraw all user funds at once for free.

2. Available equipment for 24-hour use, allowing employees to withdraw money at their convenience.

3. Access to various bank loans and advances.

4. Use of debit cards for online purchases and Point of Sale (PoS) transactions.

5. Secure and safe money transfers domestically and internationally.

6. Access to the bank's mobile application to monitor account activity and receive mobile notifications upon salary deposits.