Home
The central calls for new controls for the retail payment system
17/9/2017 12:00 am [rtl]Confirmed the possibility of expanding electronic payment activities Baghdad / Mustafa Hashemi The Central Bank called on mobile phone companies to adopt the new regulations issued by them to work in accordance with the developments of the work of the retail payment system. The Central Bank announced the modernization of the rules of participation in the infrastructure of the retail payment system, stressing the need to adopt and work under it, at a time when he stressed the possibility of expanding the work of banks and financial transfer companies and mobile phone companies and the practice of any electronic payment activities in the event they wish to operate electronic payment system of funds No. 2 For the year 2014. The importance of the work of this system said economic researcher Lubna Al-Shammari: The Bank's call for banks and companies to work with updates of the new system and infrastructure comes through the pursuit of the development of the system of public payments in Iraq through the adoption of modern technology Which ensures that the service is delivered quickly and qualitatively far from the complexity of routine. Al-Shammari told al-Sabah that the central bank was keen to implement plans aimed at facilitating the transition to a market economy and liberating itself from the totalitarian regime, which has become totally incompatible with the requirements of the current stage. She pointed out that the Central had earlier announced its readiness to develop banking work through the announcement of the draft national division and invite foreign companies for the purpose of contracting with them and agree on its implementation. The academic economist d. Majid al-Baydani said earlier that "the work of advanced banking systems with the participation of mobile phone companies will allow citizens to transfer funds from their assets to any bank or branch or someone else, which saves time and cost and efforts as well as reduce the security risks of trading cash in large amounts When conducting business transactions. The Central Bank called about two years ago, wishing to banks and companies that have licenses to expand the work of banks and financial transfer companies and mobile phone companies and the practice of any electronic payment activities in the event they want to operate the system of electronic payment services, stressing that they must submit formal requests to practice these Service is a requirement to comply with the requirements of the system and provide all documents. As for the companies that do not have a license from the bank and want to work as an electronic payment service provider, a source at the bank stated at the time that a license must be obtained from the General Directorate of Banking and Credit Control of the Central Bank and comply with the requirements besides the importance of the capital of the service provider payment of 10 billion dinars, 3 years after the issuance of instructions. He pointed out that the fee of granting the license is 5 million dinars paid one time when granting the license, as well as providing a letter of guarantee of 15 percent of the capital is renewed annually, adjusted the ratio in light of the company's budget issued after the end of the fiscal year. The source added that the applicant must pay the fees to study the application to participate in the retail payment project and the national division and the two million and 500 thousand dinars are not refundable.[/rtl] [You must be registered and logged in to see this link.] |
» utube MM&C 4/16/24 IQD Update - Iraq Dinar - America - Activate - Massive Economic Deals -
» Al-Sudani urges the US corporation Honeywell to help finish the Basra refinery
» Al-Sudani Meets with Representatives of Western Media Outlets in Washington
» Chairman of the Investment Authority signs the United Nations Convention on International Mediation
» PM: We will sign a contract to establish the Al-Faw refinery with a Chinese company
» PM arrives in Houston as part of his visit to USA
» Militia Man & Crew 4/18/24 Bush signed it and all presidents implemented it. Iraq’s funds have been
» Association of Iraqi Private Banks: The suspension of some electronic payment services yesterday was
» Iraq is close to launching the electronic signature
» The Basra government discusses with an international oil company the implementation of social benefi
» The Prime Minister confirms to an American company: Gas projects in Iraq are a priority for the gove
» The Minister of Planning discusses with the World Bank mechanisms for scheduling external loans
» Oil sets the twenty-seventh of this month as the date for opening contracts for the fifth complement
» “Electronic begging”...professionalism and fabrication of stories” generates millions of dinars dail
» Al-Sudani calls on the American company Hanwell to contribute to the completion of the Basra refiner
» An American company expresses its willingness to establish LED lighting production lines in Iraq
» Including Iraq.. Iran announces the possibility of exporting 300 megawatts of “renewable electricity
» Political forces present two options to find an alternative to Al-Halbousi
» Parliament is awaiting the arrival of the budget schedules and the government is studying higher spe
» The International Monetary Fund adjusts its expectations for the development of the world’s economie
» A representative talks about the difficulty of finalizing the file of “electing the Speaker of Parli
» Work on preparing a law for diplomatic passports
» A female representative accuses the Ministry of Immigration of corruption
» Minister: Solving the Kurdistan salaries problem is the beginning of addressing other disputes betwe
» About 270 million dollars were sold by the Central Bank of Iraq in the currency auction
» The volume of trade exchange between Jordan and Iraq will exceed 800 million dinars in 2023
» Iraq signs memorandums of understanding with American companies in the fields of electricity, oil an
» The American company that manufactures the F16 expresses its readiness to implement the terms of con
» The volume of expected Qatari investments for the Iraq Fund for Development exceeds $3.5 billion
» Decrease in dollar prices in Baghdad and Erbil
» The President of the Region brings together the Kurdish parties to resolve the election file
» Al-Sudani receives in Washington the Chairman of JPMorgan
» Transport is starting to transform its ports into smart ones
» Sudanese reveals the volume of exchange with America
» "Al-Eqtisad News" publishes the memorandums of understanding signed between the Iraqi delegation and
» Al-Sudani urges an American company to contribute to establishing a chemical materials factory
» Iraq stresses the importance of Lockheed Martin's commitment to opening military aircraft maintenanc
» Iraq is on the verge of a “water disaster” by 2035
» Great satisfaction and optimism with the results of Sudanese’s visit to Washington
» Transport is beginning to adopt a plan to transform its ports into smart ones
» Completed 8,000 loan transactions at the Housing Bank
» Prime Minister: We plan to invest production capacities for export
» Transformation and partnership...a new horizon in Iraqi-American relations
» What is new in the economic dimension of the Washington visit?
» Two letters to the future
» National interests first
» Iraqi-American rapprochement...a national necessity
» Al-Sudani’s visit to Washington and the course of Iraqi-American relations
» Sudanese carries security, economic and development files to Washington
» Armament and military development... features of a sustainable partnership
» Analysts: Sudanese's visit to Washington will achieve excellent results in the future
» Iraqi-American relations...the legacy of the past and the aspirations of partnership
» Sudanese and external necessities
» The Strategic Framework Agreement... 7 important provisions
» Joint statement of the Iraqi-American discussions
» Supreme Coordinating Committee: Iraq's role is vital to the security and prosperity of the region
» Towards an effective bilateral economic relationship between Baghdad and Washington
» She saw it as a new, different chapter in Iraqi-American relations... Al-Sudani’s visit to Washingto
» Al-Sudani’s visit to Washington.. Implications and results
» Advisor to the Prime Minister: The relationship with America has moved to the stage of cooperation
» Sudanese sponsors the signing ceremony of memorandums of understanding in America
» Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion doll
» During Erdogan's visit on Monday, Iraq seeks to sign the "Water Protocol" with Türkiye
» With the escalation of tension between Tehran and Tel Aviv...an expert reveals the secrets of Sudane
» There are 150 draft laws on the parliament table waiting to be voted on... and the debates require c
» Al-Sudani stresses the necessity of continuing the dialogue with the US Treasury, the Federal Reserv
» Deputy: We reject the term sanctions, and Iraq is financially independent
» Warnings of a “political impasse” after Barzani’s boycott of the elections... Al-Sadr raises questio
» The head of the Kurdistan Regional Government’s representative office in Baghdad visits the external
» Al-Sudani: There are no combat forces in Iraq to withdraw.. The Iraqi Prime Minister confirmed in Wa
» Do the Iraqi political blocs really intend to hold the second early elections?
» Baghdad is not aware of the factions’ participation in the attack on Israel, and Washington is revie
» Progress: Al-Halbousi may return to the presidency of Parliament
» Al-Sudani: Iraq has distinguished relations with Iran and America
» Minister of Industry: Iraq is not a rich country and the electricity problem will not be solved even
» A prospective law to employ prisoners and detainees... job and retirement opportunities similar to E
» Sako in Baghdad.. Three possible scenarios for his return after the “withdrawal of the decree” crisi
» Parliamentary Integrity reveals a move with the judiciary to recover TBI Bank’s funds
» Iraq signs 18 memorandums of understanding with Washington
» An Iraqi judicial delegation arrives in Syria to discuss terrorism files and document ISIS crimes
» A plan to exploit new lands...the latest developments in the wheat, barley and rice season in Iraq
» Al-Abadi accuses oil companies of causing 70% of the cancer rate in Basra
» Justice announces the formation of a higher committee to resolve the state’s real estate file
» Deputy: Iraq seeks to sign the “Water Protocol” with Türkiye
» Al-Sudani stresses the importance of the American company Lockheed’s commitment to opening military
» The team accompanying Sudanese in Washington: America will hand over to Iraq the antiquities that we
» Al-Sudani sponsors the signing ceremony of memorandums of understanding with American companies
» MM&C 4/17/24 Saleh: The budget tables are almost complete and will take into account urgent circu
» Saleh: Private banks in Iraq are considering reorganizing themselves with another government structu
» Al-Sudani: It is not possible to work in any development sector without reforming the banking sector
» Minister of Oil: Kurdistan’s exports will soon resume, and the region must hand over its oil to SOMO
» An economic expert identifies ways for Iraq to get out of oil rents... starting with $350 million
» Parliamentary Oil: A proposal to establish Iraqi refineries in neighboring countries... and these ar
» Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy
» MM&C 4/17/24 Al-Sudani receives in Washington the Chairman of JPMorgan
» MM&C 4/17/24 US Supports Iraq in joining WTO
» US Supports Iraq in joining WTO
» utube 4/14/24 MM&C Iraqi Dinar - Iraq Prime Minister in Washington - Coming to