Comparison of Iraq’s Digital Payment Market to Regional Markets
Regional comparison highlights the competitive and regulatory position of Iraq within the broader MENA payments landscape. While Iraq is still developing compared to more mature markets, key reforms are narrowing the gap and creating investment opportunities.
Comparative Factors
- Licensing frameworks
- Interoperability standards
- Consumer adoption levels
- Government digitalization initiatives
- Fintech participation and competition
Regional Benchmark Trends
Countries in the GCC have implemented open banking, instant payments, and digital identity frameworks. Iraq is progressing through EPSP licensing, digital government payments, and infrastructure modernization.
Regulatory Implications
- Licensing and authorization
- AML/CFT compliance
- Technical oversight and cybersecurity
- Consumer protection
How Etihad Can Assist
Etihad provides legal and regulatory advisory services to banks, financial institutions, and businesses, supporting compliance with applicable laws, regulations, and regulatory guidance issued by any competent authorities.