The Iraqi Private Banks League has unveiled a significant advancement in the utilization of electronic payment tools following the implementation of a directive by Prime Minister Mr. Mohammed Shiaa Al-Sudani. These tools have been successfully integrated into all government ministries and institutions since June 1st. Ali Tariq, the League's Chief Executive Officer, remarked in a formal press statement that "Electronic payment is witnessing a significant turnaround during the current phase, thanks to the Central Bank of Iraq's supervision, which played a crucial role in providing infrastructure and technical and advisory support to government institutions." Furthermore, he emphasized that the directives issued by Prime Minister Mr. Mohammed Shiaa Al-Sudani have significantly contributed to the rise of the electronic payment concept within government institutions. This momentum has been further propelled by the extensive advertising campaigns jointly launched by the Central Bank and the Iraqi Private Banks League. Tariq underscored the engagement of 337 ministries and government institutions with electronic payment companies, enabling them to establish accessible points of sale. He noted a remarkable growth of 123% in points of sale since the Cabinet's decision. This growth trend continues, transitioning from an initial count of 10,718 devices to the current distribution of 23,906 points of sale. This distribution includes 19,696 in stores and private institutions and 4,210 in ministries and government institutions. Regarding transactions, Tariq stated, "The number of financial settlements conducted through points of sale has reached approximately 1.56 million transactions. This includes 1.15 million transactions within the private sector and 403.7 thousand transactions within government institutions since the decision's inception." Tariq concluded his remarks by asserting, "Electronic payment represents the most crucial stride towards economic reform. It enhances the concept of financial inclusion and fosters greater trust between citizens and the banking sector. This will profoundly bolster deposit growth and fortify the banking sector's capacity to fund strategic projects. Moreover, it plays a role in reducing corruption and advancing e-government by enabling citizens to complete transactions remotely.