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Cashback is a reward system offered by banks, credit card companies, and retailers to customers who make purchases using their cards. A percentage of the purchase amount is refunded to the customer, usually in the form of a credit or cash. The cashback percentage varies depending on the card, retailer, and type of transaction.
Several Kurdish banks and financial institutions have launched cashback programs, offering customers a percentage of their purchase amount back as a reward. For example, the Erbil-based Kurdistan International Bank (KIB) offers a cashback program on all purchases made using its credit cards, with a rebate of up to 10% on certain transactions.
In recent years, the concept of cashback has gained significant popularity worldwide, and Kurdish regions are no exception. Cashback, a rebate or refund offered to customers on their purchases, has become an attractive incentive for individuals to use their credit or debit cards for transactions. In this feature, we will explore the world of cashback in Kurdish regions, its benefits, and how it is changing the way people shop and manage their finances.
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