Iraq embraces fintech revolution |
The MENA Fintech Association (MFTA) has launched its Iraq Chapter, appointing Bahaa Abdul Hadi as chapter chair. Abdul Hadi, a prominent Iraqi-Canadian entrepreneur, aims to drive digital financial transformation and enhance compliance in Iraq. The chapter will focus on accelerating fintech adoption and supporting the country's evolving financial infrastructure. Iraq's financial sector is undergoing significant changes, with digital transactions increasing from 2.6tn to 7.6tn Iraqi Dinars in just one year. "The future of Iraq is digital, and fintech is at the heart of this transformation," said Abdul Hadi. The MFTA Iraq Chapter will promote innovation, strengthen collaboration, and enhance financial literacy, positioning Iraq as a key player in the MENA fintech landscape. Nameer Khan, chair of MFTA, emphasised the importance of this initiative for Iraq's economic empowerment and integration into the regional fintech ecosystem. |
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