Over 730,000 Pensioners Receive Salaries Through the Digital “My Account” System

Date:

Share post:

The “My Account” project team announced that more than 730,000 pensioners in the Kurdistan Region now receive their monthly salaries through ATMs and digital banking systems. The initiative aims to fully digitize salary distribution and include all remaining pensioners by the end of this year, leaving around 250,000 people still outside the system.

The project team mentioned that efforts are ongoing to complete the transition to electronic salary payments. They stressed that digitization remains a key goal to improve efficiency and reduce delays in salary distribution across the region.

Regarding delays in reissuing bank cards for some registered employees and retirees, the team explained that the issue lies with the banks. They noted that technical procedures inside banking institutions sometimes cause delays in returning or activating cards, which slows down the process for some users.

Registration in the “My Account” system has now become a mandatory requirement for receiving salaries. Around ten members of the fifth-term Kurdistan Parliament from different political factions have not received their pensions for three months because they have not registered in the system. Officials say that once they complete registration, they will receive all the delayed payments together, including the three months they missed.

The program continues to expand across the region as part of broader financial modernization efforts. Authorities say the system improves transparency, reduces manual processing, and ensures faster salary delivery to beneficiaries.

Despite progress, officials acknowledge that some administrative and technical challenges remain. However, they insist that the transition toward full digital payment is moving forward steadily and will eventually cover all pensioners in the Kurdistan Region.

Related articles

Iraq to Release Another Round of Wheat Payments for Kurdistan Farmers

The Iraqi government is preparing to release another round of wheat payments for farmers in the Kurdistan Region....

Oil Prices Rise More Than 4% as U.S.-Iran Tensions Shake Energy Markets

Oil prices surged by more than 4% on Monday as renewed military tensions between the United States and...

Gold Prices Fall as One Ounce Trades Near $4,060

Gold prices fell on Monday as oil prices surged. Higher oil prices increased concerns about inflation. They also...

The High-Speed Highway Rewriting Erbil-Duhok Travel

One of Kurdistan's busiest transit corridors has undergone a profound transformation. Therefore, the Gopal Highway Project is completely...