Thurs. PM TNT News Articles 2-24-22



Zain Cash announces the provision of money transfer services to more than 200 countries soon

Zain Cash announced the signing of an agreement with the international company Western Union, which specializes in transferring money around the world and in various currencies, to provide international money transfer services to Iraqis, enabling them to transfer and receive money through a global network that extends across more than 200 countries. around the world.  

The company said in a statement, of which “Nass” received a copy (February 24, 2022), that “Zain Cash is the first electronic wallet that allows its current and new customers to benefit from Western Union services in its application on mobile phones in Iraq.”

The statement added, “Zain Cash is currently processing more than one million financial transactions per month, and this process is witnessing a significant increase. Zain Cash provides money transfer services, bill payment, physical and virtual MasterCard and Visa cards, government bill payment, in addition to digital goods and payments. Online, and now, you will provide international money transfer services through Western Union.”    

The statement indicated, “With the addition of Western Union transfer services, Zain Cash will have the opportunity to fulfill subscribers’ requests regarding the service of transferring and receiving money to and from their loved ones and friends through a secure, easy and fully digital experience. Users will be able to access this service through an application Zain Cash on the mobile phone available on iOS and Android.  

The statement continued, “Zain Cash, the leading mobile payment company in Iraq, is distinguished by its network of more than 8000 cash deposit and withdrawal agents, which spreads and serves in various regions and governorates of Iraq and is constantly growing.”  

According to the statement, Yazan Al-Tamimi, CEO of Zain Cash Iraq, stated that “Zain Cash has always adopted an innovative and creative approach to promoting financial inclusion and developing simple solutions that provide the Iraqi community with access to financial services in a fast, efficient and easy way. Through this agreement with Western Union, This complex process has now become much easier for millions of Iraqis, as through a simple process on the Zain Cash app, they can send and receive international money transfers instantly in a secure manner.”  

Hatem Suleiman, Western Union Regional Head for the Middle East, Pakistan and Afghanistan said: “We are proud to collaborate with Zain Cash, to provide users with the speed, security and ease of transactions they expect to transfer money across borders. We are also pleased to achieve our goal and help users move money in different currencies and across borders. “.  

The statement continued, “Existing Zain Cash users after the completion of the technical interconnection between the systems in the second half of 2022, or new users who can register for a Zain Cash account within minutes, will be able to immediately make international transfers. The Zain Cash wallet will provide subscribers with the ability to Check the status of their remittances through the app.  

The statement pointed out that “the Zain Cash application is useful not only for individual users, but also for small and medium enterprises, companies, public sector bodies and non-governmental organizations. They will be able to conduct their financial transactions on the Zain Cash application with ease and transparency.”  

Al-Tamimi concluded: “Zain Cash is firmly and firmly committed to the Iraqi society, and we focus on providing an important role in the social and economic development of Iraqi society and leading the process of comprehensive adoption of electronic payment solutions.”  

The company indicated that “Zain Cash” won the “Best Innovation in the Telecommunications Sector” award and was nominated for the “GLOMO” Global Mobile Awards 2020, presented by the Global System for Mobile Communications (GSMA), for “Best mobile innovation that supports emergency or humanitarian situations.”  link

Adviser to the Prime Minister: Iraq is looking forward to opening up to Kuwait economically

Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq’s exit from Chapter VII will open the international business environment to the country.

Saleh said in a statement, “The return of Iraq to the international community, free from the restrictions imposed by Chapter VII of the Charter of the United Nations since 1990, is an important victory for the Iraqi people and for Iraqi diplomacy,” noting that “this will enable the Iraqi state to deal with the world without Harsh restrictions and limitations spanning more than 30 years.”

Saleh added, “Iraq’s government and people are today the basis of freedom and the spread of peace in the region and the world,” explaining that “the new openness of the world to Iraq and the lifting of all restrictions represents a technological and scientific progress that our country will witness while it is free of obstacles and high costs imposed on it in themovement of its economy with the world.”.

The economic expert pointed out that “this will open the international business environment to Iraq in a country that has

become free of the cost of political and other risks,” stressing that “Iraq is looking forward to developing bilateral economic relations and opening them up to the State of Kuwait and all countries of the region.”

And the Prime Minister’s advisor said, “Regional economic cooperation will take a wide range in promoting positive economic interactions, especially expanding investment opportunities and joint cooperation for the happiness of the Iraqi people and all the peoples of the region  link

Source: Dinar Recaps


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