Why cash is still king in Iraq

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The currency market in Iraq’s Kurdish city of Sulaymaniyah is a busy place, with cash still being king when it comes to payments. There are e-payment platforms available, though Iraqis are largely cut off from global payment services like PayPal, Apple Pay and Stripe. This is a huge disadvantage for entrepreneurs in Iraq, who are unable to expand overseas or access funding from abroad due to a lack of digital financial services. Domestic customers are also reluctant to use e-payment platforms, with cash-on-delivery making up 98% of transactions on Iraqi e-commerce platforms. It’s a challenge that needs to be tackled if ambitious entrepreneurs in Iraq are to have a chance of success. Read full article here

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A look inside the lab building mushroom computers

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