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[size=36]The Minister of Finance directs banks to provide facilities for approving electronic sales devices in state institutions[/size]
Economy| 04:55 - 04/05/2023
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Baghdad - Mawazine News
, today, Thursday, the Minister of Finance, Taif Sami, directed all the ministry's banks to provide all the necessary facilities for approving POS electronic sales devices in state institutions and the private sector.
The ministry said in a statement, received by Mawazine News, that "in line with the government curriculum and the directives of the Prime Minister to urge ministries to adopt POS devices, the Minister of Finance, Taif Sami Muhammad, directed all the ministry's banks to provide all the necessary facilities for approving POS electronic sales devices in institutions." The state and the private sector are free of charge, at zero percent interest, for a period of 6 months, in addition to providing technical and logistical support and various software supporting the project, as well as training cadres working in this field.
The statement added, "The facilitation package comes within the framework of the Ministry of Finance's vision of acquiring POS electronic payment devices instead of cash and generalizing the experience to include various economic sectors at the level of Iraq as a whole, which is hoped to start starting from the date of June 1, 2023."
And he continued, "Electronic points of sale are devices dedicated to accepting electronic payment transactions, which allow merchants, shop owners, and projects to accept payments from their customers (customers) who hold electronic payment tools, in return for the goods or services provided by the merchant, as an alternative to cash payment." Ended 29 / m99
, today, Thursday, the Minister of Finance, Taif Sami, directed all the ministry's banks to provide all the necessary facilities for approving POS electronic sales devices in state institutions and the private sector.
The ministry said in a statement, received by Mawazine News, that "in line with the government curriculum and the directives of the Prime Minister to urge ministries to adopt POS devices, the Minister of Finance, Taif Sami Muhammad, directed all the ministry's banks to provide all the necessary facilities for approving POS electronic sales devices in institutions." The state and the private sector are free of charge, at zero percent interest, for a period of 6 months, in addition to providing technical and logistical support and various software supporting the project, as well as training cadres working in this field.
The statement added, "The facilitation package comes within the framework of the Ministry of Finance's vision of acquiring POS electronic payment devices instead of cash and generalizing the experience to include various economic sectors at the level of Iraq as a whole, which is hoped to start starting from the date of June 1, 2023."
And he continued, "Electronic points of sale are devices dedicated to accepting electronic payment transactions, which allow merchants, shop owners, and projects to accept payments from their customers (customers) who hold electronic payment tools, in return for the goods or services provided by the merchant, as an alternative to cash payment." Ended 29 / m99
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