Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani on Wednesday announced that half a million KRG civil servants and pensioners now receive their salaries digitally through banks participating in the MyAccount program.

As part of its mission to shift the Kurdistan Region toward a cashless society, the KRG has been digitizing the payroll process for its 1.2 million public sector employees since September 2023 by helping government workers register with local banks through the MyAccount program.

I'm pleased to see over half a million civil servants and pensioners now paid digitally through the KRG's MyAccount program.

MyAccount has tripled the bankable population, moved $3bn through the financial sector and improved access to credit for SMEs.https://t.co/I174ENbu4M pic.twitter.com/UtXt7cBRk1

— Masrour Barzani (@masrourbarzani) October 1, 2025

“Since the announcement of the KRG’s “MyAccount” project in 2023, the percentage of people with bank accounts in Kurdistan has increased from less than 5% to more than 15% today,” Prime Minister Barzani said in a statement.

Read More: MyAccount Financial Inclusion Project Follows Iraqi Regulations: KRG Officials

“It has also incentivized banks to expand their retail business, increase branches and ATM networks, and improve customer service. Deposits in participating banks have steadily increased, enabling loans to individuals and businesses.”

Furthermore, Prime Minister Barzani added that, to date, more than $3 billion has moved through the participating banks, creating new jobs in the financial services sector and increasing credit availability. Access to credit is vital for growing the economy and funding SMEs and startups.

Read More: 75% Of Public Employees Now Have Bank Accounts: KRG

In early September, the KRG’s Ministry of Finance and Economy announced that more than 900,000 public sector employees – representing 75% of the workforce – had registered for the MyAccount program.

Read More: U.S. Consul Praises Reforms in Kurdistan Region

Furthermore, during a meeting with Prime Minister Barzani in early September, U.S. Consul General to Erbil Wendy Green praised the KRG’s Ninth Cabinet’s reforms, including the Runaki project, which seeks to provide 24/7 electricity across the Kurdistan Region, and the MyAccount program.