Iraq Business

For the first time in Iraq, Zain Cash launches new features with the launch of MasterCard’s Walt Card

 

 

• The card will allow its users to use all ATMs, points of sale and purchase via e-commerce platforms and anywhere in the world.

• The card allows the user to buy and pay in two different currencies (US dollar and Iraqi dinar) through the same card.

 

• The MasterCard Card will be linked to the Zain smart phone application and will allow for real-time transaction monitoring and account detection for financial transactions.

In recognition of its continued efforts to deliver the latest digital solutions and innovative products to its subscribers, Zain announced Cash card for the first time in Iraq to launch new features and expand its services by the launch card “Walcard” authorized by the company “MasterCard” the world’s leading payment solutions, and the card will be linked to the mobile wallet “Zain Cash” without the need for a bank account to provide the holders Card The advantage of obtaining a MasterCard card and making use of it locally and globally and through a network of more than fifty million points of sale where cards with the slogan “Master Card” are accepted in addition to the possibility of shopping through the Internet and used to withdraw from ATMs and anywhere in the world.

In this context, Zain Iraq ‘s Chief Executive Officer Ali Al-Zahid stressed in his speech that the importance of keeping pace with the development in the digital economy. “Zain Iraq seeks to develop digital services and solutions that the company sets as a strategic objective in contributing to the development of this vital sector affecting the quality and future Providing services in Iraq and the region and its subscribers will be able to enjoy the services of sophisticated and easy and safe at the same time as the countries of the region and the world. ” “We are delighted to launch Walt Card as the first prepaid card linked to an intelligent smartphone application in Iraq that will give the cardholder the freedom to shop in the Iraqi dinar currency or the Iraqi Dinar,” said

Yazen Al Tamimi, Executive Director of ZainCash, licensed by the Central Bank of Iraq . US Dollar through the card itself and can be used to withdraw money, shopping and electronic shops, as well as the control and knowledge of financial movements through the application of Zain Cash via smart phones in an instant, which will enhance the electronic payment system for all subscribers Yen, and provide an easy and secure payment method that meets the highest international standards. ”

“The card will be available today at all major Zain service centers across Iraq and Zain subscribers will be able to register and activate the card easily and without complications,” Tamimi added.

Zain Cash aspires to launch card “WalCard” MasterCard International to contribute to the transition to a non-monetary economy, and the growth of the digital economy in Iraq and open new horizons by providing them with a new mechanism and safe, especially while traveling around the world where they can do all financial transactions through the card and linked Applying ZainCash to their smartphone.

The card can be obtained easily by going to the service centers of Zain Iraq in the various provinces without the need to open a bank account, and can activate the card for free by entering the application “Zain Cash” in the smartphone and click the icon “Walcard “And registration as the owner of a permanent account, and enter the serial number of the card” WalCard “followed by the PIN code of the portfolio,” Zain Cash, “WaltCard card” Zain Cash “to allow the user to control the card easily if lost through the application of” Zain Cash “Via the smartphone and can be re-filled the wallet at the points and centers of Zain Cash Where you can also identify the nearest point to you at any time through the application and will be the commercial team and the coach ready to explain the details and mechanisms of activation and characterized by easy and secret of being.

Zain Mobile’s mobile phone portfolio was launched in March 2013 with the aim of developing mobile and internet payment solutions, and was granted approval by the Central Bank of Iraq in December 2015. Its main services include transfer of funds from person to person P2P), public service bills, digital purchases, recharge and e-commerce, as well as the core services we offer, Zain Cash offers online payment, online ticket reservation, donation, balance transfer and transfer. Money and money Q via QR code. Source