New fintech company in Iraq

[Leeqap]

Interesting news. I hope, the neo will copy the revolut sevices outside the EU. 🙂)

Iraq-based International Network for Cards and Digital Payment Services (INC Iraq) and a Lebanese fintech startup NymCard that is digitizing how payments cards are issued, delivered, and used, in collaboration with Visa have launched the first digital-only (prepaid) payment card ”˜Neo”˜ in Iraq to serve the underbanked Iraqi population, the two companies announced in a joint-statement to MENAbytes.

The virtual card that can be requested through Neo's mobile app within seconds will enable users to make online purchases on both local and international websites. The entire KYC process is digital. Neo's mobile application (available for both iOS and Android) comes with a mobile wallet that allows users to keep an eye on their expenses.

The users can recharge their topup their Neo wallet through INC Iraq's network of offline agents and then add the money from wallet to their card. A company representative, speaking to MENAbytes, said that INC plans to have 2,500 agents in its network within 12 months.

Neo also plans to launch a plastic (physical) travel card within the next few weeks.

https://neo.iq/

 

[WoWNull]

Ya i saw this before few days

The only dropback that you need to refill from store, but it's not that much hard for people there, i my apply for one and test it.

Leeqap said:
Interesting news. I hope, the neo will copy the revolut sevices outside the EU. 🙂)

Iraq-based International Network for Cards and Digital Payment Services (INC Iraq) and a Lebanese fintech startup NymCard that is digitizing how payments cards are issued, delivered, and used, in collaboration with Visa have launched the first digital-only (prepaid) payment card ”˜Neo”˜ in Iraq to serve the underbanked Iraqi population, the two companies announced in a joint-statement to MENAbytes.

The virtual card that can be requested through Neo's mobile app within seconds will enable users to make online purchases on both local and international websites. The entire KYC process is digital. Neo's mobile application (available for both iOS and Android) comes with a mobile wallet that allows users to keep an eye on their expenses.

The users can recharge their topup their Neo wallet through INC Iraq's network of offline agents and then add the money from wallet to their card. A company representative, speaking to MENAbytes, said that INC plans to have 2,500 agents in its network within 12 months.

Neo also plans to launch a plastic (physical) travel card within the next few weeks.

https://neo.iq/
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[Spinat]

Leeqap said:
Iraq-based International Network for Cards and Digital Payment Services (INC Iraq)
Click to expand...

are you guys serious? just a very light question, how will you get your money out of there and to any country without to visit Iraq and take it in cash with you?

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[WoWNull]

blueweb said:
are you guys serious? just a very light question, how will you get your money out of there and to any country without to visit Iraq and take it in cash with you?
Click to expand...

Iam Iraqi so not an issue