Abacus wins ISC IRAQ mandate for deployment of National mPayment Hub
Abacus has won a project for the implementation of National mPayment Hub. The contract was signed with State Company for Information Systems (ISC), a specialized software company serving both private and public sector.
With this deployment, Iraq will have its first mPayment hub which will enable all cardless transactions in the country. In the first phase of the implementation, stipends will be distributed among university and school students into their mobile wallets. In the second phase food vouchers will be distributed amongst families using the mPayment hub. The third phase will see the implementation of all mobile financial services such as fund transfers, bill payments, top-ups etc. The third phase will enable people to make purchases using their mobile wallets and introducing a cardless and cashless system of economy in the country.