www.WirelessFederation.com/news: AMWAL, a consortium of Iraqi banks and Asiacell, Iraq’s second largest mobile operator by subscribers has formed a strategic partnership for the provision of a mobile banking service in the country.

Asiacell’s pre-paid customers will now be able to have an account with any of AMWAL’s member banks to use their mobile phone for a variety of financial transactions, including the transfer of money to other accounts and checking of bank balances.

According to Dr Diar Ahmed, CEO of Asiacell, this innovative mobile financial solution will enable Asiacell’s subscribers to enjoy convenient, secure and easy-to-use mobile banking services that are available 24/7 and all year around and the combined efforts of the two companies will act as major leap in developing Iraq’s technological capacity.