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Securities: Accepting cash payments exclusively via electronic payment methods
Economical 02/13/2024
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Baghdad: Al-Sabah
The Iraqi Securities Commission announced yesterday, Monday, that cash payments are accepted through electronic payment methods, while revealing a trend to list electronic payment companies on the stock market.
The head of the authority, Faisal Al-Haims, told the Iraqi News Agency (INA): “The authority represents supervisory bodies on the Iraqi securities market, and since the beginning of the Prime Minister’s directive to take steps to automate electronic payment and ongoing operations in the market in general, the authority has been forming a work team to support This file. Al-Haims added, “The Authority has now stopped accepting cash payments except through electronic payment methods as revenues from the Securities Authority.” He pointed out that "the market is currently heading to use this mechanism through intermediaries working in the Iraq Stock Exchange," noting that "electronic payment companies are not traded in the Iraq Stock Exchange, but there are companies in various other sectors, including banks, present in trading in the Iraq Stock Exchange." ". He stressed that "there is a trend to list electronic payment companies on the Iraqi Stock Exchange during the current year."
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