First Iraqi Bank launches Visa Direct for Iraqi customers

Baghdad (IraqiNews.com) – In collaboration with Visa, a leader in digital payments, First Iraqi Bank (FIB) introduced Visa Direct to the Iraqi market.

According to a statement from FIB, Visa Direct is a real-time point-to-point payment service that will provide Iraqi consumers with real-time transfers for the first time.

“We are proud to offer this cutting-edge service to our customers in Iraq, and believe this is going to improve responsible financial access in the Iraqi market,” said Kawa Junaid, Founder of First Iraqi Bank.

With the help of Visa Direct’s cross-border capabilities, First Iraqi Bank’s clients will be empowered to link to more than three billion cards worldwide without sacrificing protection or easy access. “Visa is excited to roll out a best-in-class international money movement solution in the Iraqi market,” said Mario Makary, Levant Cluster Manager at Visa.

“We strongly believe that this collaboration will create better user experiences by making it easier for FIB customers to access, move and use their money within a secure digital banking platform,” added Makary.