Rafidain Bank Records 80% Growth in Electronic Collections in One Month
Rafidain Bank announced significant growth in electronic collection operations during August 2026, reporting that the value of settlements processed for government departments and institutions exceeded IQD 1.35 trillion.
In a statement, the bank said the value of these settlements increased by more than 80% compared with the same month last year, with over 77,000 financial settlements processed across approximately 2,838 government departments.
The bank added that the number of settlements carried out increased by 24%, while the number of government departments activated on the electronic payment collection system grew by 33% over the same period.
Rafidain Bank said these results reflect tangible progress in expanding electronic collection operations, improving the efficiency of public revenue management, enhancing transparency, and supporting the broader digital transformation of government institutions across Iraq.