Asiacell to offer m-banking

Iraq’s second largest cellco by subscribers Asiacell has signed an agreement with Amwal, a consortium of private Iraqi banking institutions, to launch mobile banking services, writes AME Info. The new service will enable Asiacell’s subscribers and the consortium’s clients to make inter-bank transfers, pay bills and check account balances. ‘Our partnership with Amwal and the offering of this new line of services to the millions of Asiacell subscribers is in accordance with our ongoing efforts towards enhancing the local economic infrastructure and raising the overall caliber of business operations by reducing dependence on direct financial banking services,’ said Dr. Diar Ahmed, CEO of Asiacell, adding, ‘We understand the significance of creating greater integration between all economic sectors in Iraq, and look forward to seeing greater engagement from the Iraqi people in regulated financial services that allow them to settle all of their banking needs by utilising this modern technology.’