Public and official support for the shift to electronic payment

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[size=52]Public and official support for the shift to electronic payment[/size]

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01-14-2024
Baghdad: Raghad Dahham
The step of gradually shifting to electronic payment in all aspects of the state and the private sector has received popular and official support, while specialists have indicated that it is being addressed in the right direction to reform the economy and keep pace with development and modernity. The representative of the Oil and Natural Resources Committee, Zainab Al-Moussawi, said: “The government’s move towards cash payment via electronic cards is a correct step in the direction of economic and banking reform that the government is adopting,” indicating that it has “a positive impact on the commercial method when electronic payment is made in stores or restaurants.” Or other websites.”[/size]
[size=45]Al-Moussawi added, “Electronic payment has benefits in reducing the mass of paper cash in the market, in addition to reducing the costs of printing currency, which costs the state billions of dinars, in addition to the fact that the electronic card is more efficient by processing payments faster.”[/size]
[size=45]She explained that “this mechanism will require a smaller number of employees to manage financial accounts, as it saves time and payment through electronic payment systems is always faster than using cash,” pointing out that “the card is safer from the risks of theft, costly human error, or fraud, as well as It generates more financial revenues for the Iraqi state treasury.”[/size]
[size=45]In turn, economic expert Rashid Al-Saadi said in an interview that “the decision to rely on electronic payment cards is correct and sound, and is in line with the world and the development taking place in it.” He added, “There is no doubt that there will be difficulty for those who do not deal with these cards, but it is not impossible. It is possible for the citizen to get used to dealing with this mechanism and keep pace with development and progress, and that getting used to it requires some time and nothing more.”[/size]
[size=45]The economic expert stated, “With the simplification of matters and the reduction of fees imposed on electronic payment, there will be a great demand for citizens, and unfortunately the percentage of reliance on these cards is still low so far, and that encouraging them depends on the state in its decisions, facilities, and ways to benefit from them inside and outside Iraq.” .[/size]
[size=45]Edited by: Ali Abdel Khaleq[/size]
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Public and official support for the shift to electronic payment

The first  01/15/2024
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  Baghdad: Raghad Dahham 

The step of gradually shifting to electronic payment in all aspects of the state and the private sector has met with popular and official support, while specialists have indicated that it is taken in the right direction to reform the economy and keep pace with development and modernity. The representative of the Oil and Natural Resources Committee, Zainab Al-Moussawi, told Al-Sabah: “The government’s move towards cash payment via electronic cards is a correct step in the direction of economic and banking reform that the government is adopting,” indicating that it has “a positive impact on the commercial method when electronic payment is made.” In stores, restaurants or other websites.
Al-Moussawi added, “Electronic payment has benefits in reducing the mass of paper cash in the market, in addition to reducing the costs of printing currency, which costs the state billions of dinars, in addition to the fact that the electronic card is more efficient by processing payments faster.”
She explained that “this mechanism will require a smaller number of employees to manage financial accounts, as it saves time and payment through electronic payment systems is always faster than using cash,” pointing out that “the card is safer from the risks of theft, costly human error, or fraud, as well as Generates more financial revenues for the Iraqi state treasury.”
In turn, economic expert Rashid Al-Saadi said, in an interview with Al-Sabah, that “the decision to rely on electronic payment cards is correct and sound, and is in line with the world and the development taking place in it.” He added, "There is no doubt that there will be difficulty for those who do not deal with these cards, but it is not impossible. It is possible for the citizen to get used to dealing with this mechanism and keep pace with development and progress, and that getting used to it requires some time and nothing more."
The economic expert stated, “With the simplification of matters and the reduction of fees imposed on electronic payment, there will be a great demand for citizens, and unfortunately the percentage of reliance on these cards is still low so far, and that encouraging them depends on the state in its decisions, facilities, and ways to benefit from them inside and outside Iraq.” .

  Edited by: Ali Abdel Khaleq
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