POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]
[size=52]Electronic payment...a deterrent to corruption and fears of a weak financial culture among people[/size]
[size=45]Electronic payment is a system for making or settling payments without the need to use cash. This system has many advantages, the most important of which is eliminating corruption, fraud, and direct bribery in government institutions, ease of trading, raising cash deposit rates in banks and banks, and other benefits.[/size]
[size=45]But Iraq's transition to this globally applicable system is not without fraud, whether by merchants when citizens shop, or by collecting additional amounts under the pretext of the withholding fees currently in effect, especially since the society's culture of electronic payment is weak.[/size]
[size=45]The Iraqi government seeks to activate the electronic payment service, adopt modern automation systems, and end cash dealing.[/size]
[size=45]Accordingly, the Petroleum Products Distribution Company, affiliated with the Ministry of Oil, has set the end of next March as a deadline for cash transactions at government and private fuel filling stations.[/size]
[size=45]The company’s general manager, Hussein Talib, said in a press statement followed by Al Mada, “All government and private fuel filling stations will use the electronic payment system to fill fuel, on the first of next April.”[/size]
[size=45]Talib had announced an increase in fuel refueling rates via electronic payment cards, stressing in a statement that “sales through the use of electronic cards recorded 35 million dinars last April, while in November of last year they recorded more than 350 million dinars,” considering that an indicator. On the success of the experiment.[/size]
[size=45]Talib called on citizens to “procure electronic payment cards to learn more about the service and discover its advantages.”[/size]
[size=45]In turn, the Iraqi Private Banks Association revealed, on December 12, a growth in accounts, bank cards and electronic payment devices after the great support provided by Prime Minister Muhammad Shia al-Sudani and the Central Bank of Iraq to the banking sector, by activating electronic payment in government and private institutions and reform. In foreign trade financing mechanisms.[/size]
[size=45]The association’s executive director, Ali Tariq, said in a statement received by Al Mada that bank accounts grew by 14%, reaching 10.02 million bank accounts by September 30, 2023, after at the end of 2022 there were more than 8.79 million accounts, which means the creation of more From 1.2 million accounts in 9 months.[/size]
[size=45]In this context, financial and economic expert, Mahmoud Dagher, says, “Cash is the means used for all corruption and fraudulent operations, and therefore one of the most important benefits of electronic payment is the elimination of corruption and fraudulent operations.”[/size]
[size=45]Dagher adds, “It also facilitates the process of settling accounts within banks instead of having settlements take place outside banks in offices and homes.”[/size]
[size=45]He continues, “It also helps businessmen to have controlled accounts through the bank statements provided to them by the banks they are affiliated with.”[/size]
[size=45]He confirms, “There are no harms or negatives to electronic payment, and all countries of the world are trying to reduce the volume of settlements by cash payment and resort to electronic payment.”[/size]
[size=45]The economist believes that “Iraq is capable of adopting electronic payment quickly,” expecting that “by the end of 2024, many private and public businesses will settle their payments via electronic payment, which will make it easier for everyone to accomplish many things.”[/size]
[size=45]On January 7, the Prime Minister, Muhammad Shiaa Al-Sudani, directed that citizens be spared additional financial burdens resulting from commissions, during a meeting devoted to following up on the financial and economic transition to electronic payment, points of sale, and financial trading with electronic cards (POS).[/size]
[size=45]Al-Sudani confirmed, according to a statement issued by his media office, that the goal is to facilitate dealing and facilitate payment in all fields, while ensuring the highest levels of security.[/size]
[size=45]Most markets and fuel filling stations lack POS devices, despite the Council of Ministers’ directives to implement the electronic payment system in state institutions, the private sector, commercial centers, stores, markets, and other entertainment facilities.[/size]
[size=45]Citizens still lack the provision of POS devices, and there are demands from the Central Bank, banks, and electronic payment companies to provide POS points of sale and make them accessible to citizens for use with electronic cards in shopping and paying instead of cash.[/size]
[size=45]At the beginning of last June, the Central Bank of Iraq announced the entry into force of Council of Ministers Resolution No. (23044) for the year 2023, which was to increase the number of electronic payment devices (POS) in government institutions and the private sector to enhance the culture of electronic payment and collection, and reduce the use of money. Paperwork in collection and commercial transactions.[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Electronic payment...a deterrent to corruption and fears of a weak financial culture among people[/size]
[size=45]Electronic payment is a system for making or settling payments without the need to use cash. This system has many advantages, the most important of which is eliminating corruption, fraud, and direct bribery in government institutions, ease of trading, raising cash deposit rates in banks and banks, and other benefits.[/size]
[size=45]But Iraq's transition to this globally applicable system is not without fraud, whether by merchants when citizens shop, or by collecting additional amounts under the pretext of the withholding fees currently in effect, especially since the society's culture of electronic payment is weak.[/size]
[size=45]The Iraqi government seeks to activate the electronic payment service, adopt modern automation systems, and end cash dealing.[/size]
[size=45]Accordingly, the Petroleum Products Distribution Company, affiliated with the Ministry of Oil, has set the end of next March as a deadline for cash transactions at government and private fuel filling stations.[/size]
[size=45]The company’s general manager, Hussein Talib, said in a press statement followed by Al Mada, “All government and private fuel filling stations will use the electronic payment system to fill fuel, on the first of next April.”[/size]
[size=45]Talib had announced an increase in fuel refueling rates via electronic payment cards, stressing in a statement that “sales through the use of electronic cards recorded 35 million dinars last April, while in November of last year they recorded more than 350 million dinars,” considering that an indicator. On the success of the experiment.[/size]
[size=45]Talib called on citizens to “procure electronic payment cards to learn more about the service and discover its advantages.”[/size]
[size=45]In turn, the Iraqi Private Banks Association revealed, on December 12, a growth in accounts, bank cards and electronic payment devices after the great support provided by Prime Minister Muhammad Shia al-Sudani and the Central Bank of Iraq to the banking sector, by activating electronic payment in government and private institutions and reform. In foreign trade financing mechanisms.[/size]
[size=45]The association’s executive director, Ali Tariq, said in a statement received by Al Mada that bank accounts grew by 14%, reaching 10.02 million bank accounts by September 30, 2023, after at the end of 2022 there were more than 8.79 million accounts, which means the creation of more From 1.2 million accounts in 9 months.[/size]
[size=45]In this context, financial and economic expert, Mahmoud Dagher, says, “Cash is the means used for all corruption and fraudulent operations, and therefore one of the most important benefits of electronic payment is the elimination of corruption and fraudulent operations.”[/size]
[size=45]Dagher adds, “It also facilitates the process of settling accounts within banks instead of having settlements take place outside banks in offices and homes.”[/size]
[size=45]He continues, “It also helps businessmen to have controlled accounts through the bank statements provided to them by the banks they are affiliated with.”[/size]
[size=45]He confirms, “There are no harms or negatives to electronic payment, and all countries of the world are trying to reduce the volume of settlements by cash payment and resort to electronic payment.”[/size]
[size=45]The economist believes that “Iraq is capable of adopting electronic payment quickly,” expecting that “by the end of 2024, many private and public businesses will settle their payments via electronic payment, which will make it easier for everyone to accomplish many things.”[/size]
[size=45]On January 7, the Prime Minister, Muhammad Shiaa Al-Sudani, directed that citizens be spared additional financial burdens resulting from commissions, during a meeting devoted to following up on the financial and economic transition to electronic payment, points of sale, and financial trading with electronic cards (POS).[/size]
[size=45]Al-Sudani confirmed, according to a statement issued by his media office, that the goal is to facilitate dealing and facilitate payment in all fields, while ensuring the highest levels of security.[/size]
[size=45]Most markets and fuel filling stations lack POS devices, despite the Council of Ministers’ directives to implement the electronic payment system in state institutions, the private sector, commercial centers, stores, markets, and other entertainment facilities.[/size]
[size=45]Citizens still lack the provision of POS devices, and there are demands from the Central Bank, banks, and electronic payment companies to provide POS points of sale and make them accessible to citizens for use with electronic cards in shopping and paying instead of cash.[/size]
[size=45]At the beginning of last June, the Central Bank of Iraq announced the entry into force of Council of Ministers Resolution No. (23044) for the year 2023, which was to increase the number of electronic payment devices (POS) in government institutions and the private sector to enhance the culture of electronic payment and collection, and reduce the use of money. Paperwork in collection and commercial transactions.[/size]
[size=45][You must be registered and logged in to see this link.]
Today at 7:46 am by Rocky
» Iraq is the largest producer.. OPEC+ is pumping higher than scheduled and in anticipation of the Jun
Today at 7:44 am by Rocky
» Close to the coordination framework: There is no intention to change the internal regulations of Par
Today at 7:43 am by Rocky
» Central Bank sales exceed $274 million today
Today at 7:41 am by Rocky
» But the representative of the exchange companies is pessimistic... Why did the dollar fall?... The C
Today at 7:38 am by Rocky
» Jordan addresses Iraq to extend a memorandum of understanding to purchase oil
Today at 7:36 am by Rocky
» Bribes increased from 3,000 to 50,000 dollars.. What is the condition of alcohol in Iraq after the p
Today at 7:34 am by Rocky
» Presence movement: Sunnis and Kurds while the Americans remain in Iraq
Today at 6:31 am by Rocky
» A deputy reveals the contents of the first water strategy in Iraq
Today at 6:29 am by Rocky
» Soon...the second reading of the proposed red card law
Today at 6:28 am by Rocky
» The discovery of 10 new oil and gas fields in the Anbar desert
Today at 6:27 am by Rocky
» A bloc announces to “Al-Ma’louma” the date of the parliamentary speaker’s election session
Today at 6:26 am by Rocky
» Parliamentary Finance explains the mechanism for amending the retirement law
Today at 6:24 am by Rocky
» Sovereignty accuses Al-Halbousi of obstructing the election of a Speaker of Parliament
Today at 6:23 am by Rocky
» Parliamentary Agriculture accuses Kurdistan of harming the farmers of the center and south
Today at 6:22 am by Rocky
» Al-Sudani confirms Iraq's readiness to host the Arab Network conference
Today at 6:21 am by Rocky
» Nechirvan Barzani calls on the Iraqi government to allocate a budget to confront climate change
Today at 6:20 am by Rocky
» “Iraq is in danger.” Political warnings against ending the work of the UN mission
Today at 6:19 am by Rocky
» The Iraqi Interior Minister announces the signing of a security cooperation memorandum with Syria
Today at 6:17 am by Rocky
» The Minister of Oil told “Al-Iqtisad News”: The 5th and 6th rounds will add 3 Mqmq of gas to Iraq’s
Today at 6:16 am by Rocky
» Economist: Tax revenues from the private sector should be 4 trillion dinars annually
Today at 6:14 am by Rocky
» The Real Estate Bank calls on the Iraqi Central Bank to determine a plan to allocate a new initiativ
Today at 6:13 am by Rocky
» More than one billion and 400 million dollars...CBI sales within a week
Today at 6:12 am by Rocky
» Oil: Iraq achieved self-sufficiency in liquid gas and began exporting the surplus
Today at 6:10 am by Rocky
» Iraq begins exporting liquid gas
Today at 6:09 am by Rocky
» The Cabinet Secretariat sets to Al-Iqtisad News the completion date for the Chinese agreement school
Today at 6:09 am by Rocky
» Securities: The most recent law of the Authority in the Arab and regional countries
Today at 6:07 am by Rocky
» A European desire to strengthen security and economic cooperation with Baghdad
Today at 6:06 am by Rocky
» The close selection of a person for the position of Speaker of Parliament
Today at 6:05 am by Rocky
» Parliamentary law excludes the exchange of penalties for cash amounts
Today at 6:04 am by Rocky
» An agreement with Italy to finance industrial projects
Today at 6:02 am by Rocky
» The Najaf Chamber of Commerce signs a “memorandum of understanding” with its Thai counterpart
Today at 6:01 am by Rocky
» Baghdad, Arab Forum
Today at 6:00 am by Rocky
» Specialists: Economic integration and job opportunities await development
Today at 5:59 am by Rocky
» The President of the Republic, Nechirvan and Barzani stress the necessity of coordinating efforts be
Today at 5:57 am by Rocky
» The Judicial Institute announces the names of those accepted for the 48th and 49th sessions
Today at 5:56 am by Rocky
» Today's newspapers are interested in launching the fifth licensing supplement rounds and the sixth l
Today at 5:55 am by Rocky
» Al-Sudani receives the Secretary-General of the Arab Network for National Human Rights Institutions
Today at 5:53 am by Rocky
» Trade participates in the meetings of the Economic and Social Council at the level of senior officia
Today at 5:52 am by Rocky
» The Minister of Transport discusses with the Tunisian Minister of Foreign Affairs and Immigration wa
Today at 5:50 am by Rocky
» Iraq recorded an increase in its oil exports to the United States last week
Today at 5:49 am by Rocky
» It is governed by three dimensions.. Parliament talks about a strategic priority for Iraqi national
Today at 5:48 am by Rocky
» To what extent do Arab countries influence politically Iraq? It has become more independent
Today at 5:46 am by Rocky
» The Iranian ambassador in Baghdad: Iraq has paid its debts, and the security agreement includes thre
Today at 5:45 am by Rocky
» Dollar exchange rates decline slightly on the Baghdad Stock Exchange
Today at 5:44 am by Rocky
» China has 18% of the fields in the two new rounds, and 11 countries share the remainder
Today at 5:43 am by Rocky
» On the table...a proposal for the Kurdistan oil crisis and an effort to conclude a similar agreement
Today at 5:42 am by Rocky
» Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the inve
Today at 5:40 am by Rocky
» 6 Chinese companies are among the winners of developing Iraqi oil and gas fields
Today at 5:38 am by Rocky
» Baghdad gives UNAMI the end of 2025 to leave the country after fiery briefings
Today at 5:37 am by Rocky
» Dhi Qar clarifies: The quarry burying radioactive materials is regular and does not pose a danger
Today at 5:36 am by Rocky
» Al-Sudani: There are 64 lagging projects in Babylon
Today at 5:34 am by Rocky
» The housing crisis is expanding and planning confirms: Iraq needs 3 million housing units to solve i
Today at 5:34 am by Rocky
» 90 billion dinars were recovered from social protection violators
Today at 5:32 am by Rocky
» Iraq seeks to increase its oil reserves to more than 160 billion barrels
Today at 5:31 am by Rocky
» After keeping the numbers secret... Did the rain increase Iraq's water reserves by 120%?
Today at 5:30 am by Rocky
» In the first quarter of 2024.. Iran will displace Iraq and become the second largest producer in OPE
Today at 5:28 am by Rocky
» Iraqi oil exports to Jordan stopped 20 days ago
Today at 5:27 am by Rocky
» Iraq and Syria sign a memorandum of security cooperation in several fields
Today at 5:25 am by Rocky
» Parliament recommends stopping electronic schools in Iraq
Today at 5:24 am by Rocky
» Parliamentary law rules out passing a law replacing penalties with sums of money
Today at 5:22 am by Rocky
» After a rare meeting... sources talk about Al-Sadr's future in political life in Iraq
Today at 5:21 am by Rocky
» The President of the Republic warns of climate change and its threat to food security and future gen
Today at 5:20 am by Rocky
» The Iranian ambassador to Iraq talks about negotiations for the withdrawal of American forces and Tu
Today at 5:19 am by Rocky
» Deputy: Iraq represents an important factor in the stability of the global oil market
Today at 5:16 am by Rocky
» Transportation: The Iraqi-Turkish technical committees continue to fulfill the requirements for impl
Today at 5:15 am by Rocky
» Economic: Raising the interest rate will reduce real estate prices
Yesterday at 8:20 am by Rocky
» Did Barzani agree in Tehran to end the presence of Iranian groups in Kurdistan? - urgent
Yesterday at 8:16 am by Rocky
» Al-Sudani: We are establishing a new situation for the global energy market through the Development
Yesterday at 8:14 am by Rocky
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
Yesterday at 8:11 am by Rocky
» Al-Awadi: Ending the work of the UNAMI mission is consistent with the government’s vision in this fi
Yesterday at 8:10 am by Rocky
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
Yesterday at 6:34 am by Rocky
» utube MM&C 5/11/24 Iraqi Dinar - IQD Update - International - IraqTiming - 2024 Budget Schedule - Sp
Yesterday at 6:32 am by Rocky
» MM&C Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and w
Yesterday at 6:24 am by Rocky
» The Secretary of the Ministry of Defense meets with the Commander of the NATO mission
Yesterday at 6:17 am by Rocky
» Expert: The stability of the economy is linked to the political situation
Yesterday at 6:13 am by Rocky
» A parliamentary request to lift the injustice against 20,000 Iraqi employees
Yesterday at 6:09 am by Rocky
» Parliamentary Finance criticizes the government's failure to send the budget schedules
Yesterday at 6:08 am by Rocky
» Minister of Oil: The 5th and 6th licensing rounds will take place within the framework of exploratio
Yesterday at 6:07 am by Rocky
» Al-Sudani: Iraq is a difficult number in the global market in the field of energy
Yesterday at 6:06 am by Rocky
» Al-Khanjar rejects Al-Halbousi’s request to head Parliament
Yesterday at 6:05 am by Rocky
» Revealing the date of the arrival of the 2024 budget schedules
Yesterday at 6:04 am by Rocky
» Al-Halbousi nominates Talal Al-Zubaie for presidency of the House of Representatives
Yesterday at 6:03 am by Rocky
» "A coup in Iraqi universities"... Replacement of presidents and deans under the new education law
Yesterday at 6:01 am by Rocky
» Al-Sudani: Iraq is a difficult number in the equation of energy and oil wealth in the region and the
Yesterday at 6:00 am by Rocky
» Minister of Oil: We hope to announce an increase in Iraq’s oil reserves to 160 billion barrels
Yesterday at 5:58 am by Rocky
» Iraq's mass graves...stories that did not end with the burial of their owners, and the "legacy of IS
Yesterday at 5:57 am by Rocky
» Pictures: New licenses in Iraq to extract “huge” quantities of oil and gas
Yesterday at 5:56 am by Rocky
» Transport reopens the Baghdad - Samarra railway line
Yesterday at 5:55 am by Rocky
» Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the inve
Yesterday at 5:54 am by Rocky
» Oil clarifies the mechanism for investing grant funds and licensing contracts
Yesterday at 5:51 am by Rocky
» A $700 million agreement is signed between Iraq and Italy to finance these projects
Yesterday at 5:50 am by Rocky
» Iraq recovers 90 billion dinars from social protection violators
Yesterday at 5:49 am by Rocky
» Sudanese officially launches the two licensing rounds and sets the date for stopping gas burning
Yesterday at 5:48 am by Rocky
» An economic vision for the standard of competition for exploratory plots in Iraq
Yesterday at 5:47 am by Rocky
» The Iraqi Islamic Bank announces an increase in its capital to 300 billion dinars
Yesterday at 5:46 am by Rocky
» A communication from the Ministry of Health to the Ministry of Interior in Kurdistan regarding “herb
Yesterday at 5:44 am by Rocky
» Popular agreement to end the “cancer towers” crisis in the oldest villages of Diyala.. Document
Yesterday at 5:42 am by Rocky
» What is the reason for OPEC's decision to stop publishing its estimates of the volume of global dema
Yesterday at 5:41 am by Rocky