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The Governor of the Central Bank calls for supporting digital financial inclusion
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Economy News - Baghdad
The governor stressed that "the spread of point-of-sale devices has positive effects on the Iraqi street and that the importance of urging citizens to use bank cards instead of cash currency, and the need for it to be a priority for all electronic payment companies and banks, stressing the need to develop appropriate marketing plans to support digital financial inclusion in Iraq".
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Added 10/26/2023 - 2:05 PM
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Economy News - Baghdad
Central Bank Governor Ali Al-Alaq confirmed on Thursday that the spread of point-of-sale devices has positive effects on the Iraqi street.
A statement from the Central Bank received by Al-Iqtisad News stated that “Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired a meeting that included representatives of this bank and a number of electronic payment companies operating in Iraq, in which they discussed ways to follow up on the project to spread point-of-sale devices (POS) and digital transformation.”
A statement from the Central Bank received by Al-Iqtisad News stated that “Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired a meeting that included representatives of this bank and a number of electronic payment companies operating in Iraq, in which they discussed ways to follow up on the project to spread point-of-sale devices (POS) and digital transformation.”
According to the statement, the meeting reviewed the most important challenges facing the process of spreading point-of-sale (POS) devices and the importance of expanding the geographical area to cover all parts of the country, as well as solving the problems facing the use of bank cards and settling their amounts through the national exchange inside and outside Iraq.
The governor stressed that "the spread of point-of-sale devices has positive effects on the Iraqi street and that the importance of urging citizens to use bank cards instead of cash currency, and the need for it to be a priority for all electronic payment companies and banks, stressing the need to develop appropriate marketing plans to support digital financial inclusion in Iraq".
Views 27
Added 10/26/2023 - 2:05 PM
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