Western Union meets with Iraq’s Governor of Central Bank
The Governor of Central Bank of Iraq, Ali Mohsen Al-Alaq, with Western Union’s President for the Middle East and Asia Pacific, Jean Claude Farah.
Baghdad (IraqiNews.com) – The Governor of Central Bank of Iraq, Ali Mohsen Al-Alaq, met with Western Union’s President for the Middle East and Asia Pacific, Jean Claude Farah.
The two talked in Baghdad about how Western Union can broaden its footprint in Iraq. Furthermore, the meeting addressed how Western Union could be helpful in the digitalization of money transfer platforms in accordance with Iraq’s governing laws and worldwide international standards.
Digitization has become increasingly important in the financial sector, with many countries around the world moving towards cashless societies. In Iraq, there has been a push towards digitization, with the Central Bank of Iraq working to modernize the country’s financial infrastructure.
One of the biggest international money transfer organizations in the world, Western Union has a network covering more than 200 nations and territories. Since it began offering much-needed financial services to individuals all around the country, Western Union has long regarded Iraq as a significant market.