Company (Visa Inc.) global expansion of its operations in Iraq
(This article Headlined 02/08/09)
The company (Visa Inc.) specializes in global and electronic means of payment for the admission of the Bank of Baghdad and the company of electronic banking services and a group of Iraqi banks (13 banks) to the Visa network in Iraq.
The Bank of Baghdad, a company two new members of the Visa acceptance rates increase and the use of Visa cards in the ATM sites and points of sales in Iraq, as well as contributing to the additional issuance of Visa cards to local clients.
He said the area manager for Visa in the States of the Eastern Mediterranean, Qatar, Tony Gogsian to work in Iraq and the expansion of markets on the direction of an excellent example of Visa to the development of electronic payment means and the provision of services to new members in new markets.
He said that our partnership with the funds and the Bank of Baghdad, the Iraqis means that consumers will benefit from the security, flexibility and convenience of a Visa card. And the use of payment cards in Iraq is increasing, particularly with the introduction of electronic banking products to the Iraqi market. And will provide credit and debit cards for the Iraqis and visitors to the country and the means of payment for the safe and convenient shopping and access to funds, both at home and abroad.
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[August 02, 2009]

In partnership with Bank of Baghdad and Al Amwal, Visa further enhances acceptance and issuance in Iraq

Aug 2, 2009 (Al-Bawaba via COMTEX) -- Visa Inc, the world's leading retail electronic payments network, today announced that Bank of Baghdad, Al Amwal an electronic banking services company, and a consortium of 13 Iraqi banks, have joined the Visa payment network in Iraq. As new Visa members, Bank of Baghdad and Al Amwal will help expand the acceptance network for Visa cards at ATM and point of sale locations within Iraq, and help issue additional Visa payment cards to local customers.


The wider acceptance network will allow Iraqis and individuals visiting Iraq to use their Visa cards to pay for goods and services at merchant locations throughout the country such as airport duty free shops, select hotels, travel agencies and a number of restaurants and other stores. In addition, Iraqi customers will have access to a greater choice of payment cards through Bank of Baghdad.

Commenting on the expansion, Tony Gougassian, Visa Inc.'s Area Manager for Iraq, Levant and Qatar, said: 'Our expansion in Iraq is an excellent example of Visa's approach to growing electronic payments and extending the value of Visa to new stakeholders and new marketplaces. We are committed to bringing the benefits of electronic payments to new marketplaces through our partner banks and in turn helping banks to become leaders in their region.' Mr. Gougassian added: 'We are delighted to extend our global payment services in Iraq and help bring the social and economic benefits which come with electronic payment acceptance. These include stimulating economic growth, promoting transparency and accountability, while also increasing the number of people with access to the formal banking system. Our partnership with Al Amwal and Bank of Baghdad means that Iraqi consumers will be able to take advantage of the increased security, flexibility and convenience that a Visa card offers. Visa debit and credit cards will provide Iraqis and those visiting the country, with a safe and convenient way to shop and access funds, both at home and abroad.