A new project to provide electronic payment services to local banks

A new project to provide electronic payment services to local banks

25/10/2017 (00:01 pm) - Number of readings: 36 - Issue (4050)

Range / Zahraa Al-Jassem

Financial technology is constantly evolving all over the world, and Iraq as any country needs this technology through companies that provide electronic services to develop the work of banks in the accounting and financial transfers and payment systems in the sense transfers between banks and others, but their presence is considered healthy if it will contribute to the assistance of banks Iraq to keep pace with technical development seen as an economist, while confirming the gateway to Iraq electronic financial services company, it is certified according to international standards and instructions of the Central Bank of Iraq, and develop the best global financial practices among a De Iraqi citizen to facilitate his life and work for the benefit of financial institutions and bodies of the national economy.

As the Deputy Managing Director of the company Ali Al-Saeed shows in an exclusive interview with (range), the company provides all electronic payment services to its customers from Iraqi banks, where banks can issue and manage electronic payment programs to their customers effectively and in the shortest time, and within the highest degree of protection, transparency and comply with all instructions issued by the Central Bank of Iraq and the companies global cards. It is registered in Iraq and licensed Iraqi company by the Central Bank of Iraq, according to the laws and regulations adopted in Iraq, based on the highest international standards and consulting major specialized in this field of international companies and confirms Al-Saeed: The company aims to become a leader in the field of electronic payment and engine platform president to lift the level of financial inclusion in Iraq and transforming the Iraqi economy to the economy less dependent on cash in line with the strategic vision of the Central Bank and the aspirations of the e-government, through infrastructure and financial services related to electronic payment to the development of At enable the company to offer electronic payment services and sophisticated financial services to all segments of Iraqi society. To achieve these goals, the company contracted with companies specialized in the fields of electronic payment technology, systems, knowledge and consulting, and adds Saeed: The most important company's customers are banks, which continue with all banks and banks operating in Iraq, and we are working according to a deliberate plan to provide services and offer to all banks financial institutions, and contribute to solutions and services enable banks and banks to provide high-level services to their clients from the merchants and citizens. It confirms: that the economic viability of the company, which has been prepared by the company "Ernst & Young" Global to put the Iraqi market and determine the model and plan of action studies, show that Iraq is in dire need of such services, in order to transform its economy into the economy less dependent on cash, which is in line with the strategic vision of the Central Bank, in addition to discussions and meetings with the international Finance Corporation, IFC, in order to provide technical and strategic consulting for the company, so the gateway to Iraq services company will contribute positively to the electronic infrastructure for financial services development, and will have a deep impact on the development The banking sector and collection systems and filtration and payment.

The voyager , Deputy Managing Director of the company , said: Since the foundation of our work to attract local and international specialized skills in the field of electronic payment, to enable the company to international best practices in the hands of the Iraqi citizen , develop and facilitate his life, the number of our staff arrived today nearly 60, were completed building technology systems center processor data in Baghdad under a contract with the Swedish company Eriksson, and is one of the latest data centers in Iraq and the most sophisticated, which will provide confidentiality and to ensure that information under the supervision of the competent authorities, as the company has contracted with companies specialized in the field of technology and payment systems such as trap S2M and my company HP and CISCO, have invested nearly five million dollars so far in technology systems.

He says: As a result of these professional preparations, the company obtained a license from MasterCard International Company for the issuance and acceptance of services MasterCard cards, as we are in the process of completion of the completion of the procedures for obtaining a similar license from Visa International will soon, to be thus the first company in Iraq , which offer package integrated solutions and services , electronic payment which will benefit the citizen, and on the national economy and institutions and bodies concerned, especially as we now offer electronic shopping cards "Switch" different Pfiadtha, as we called travel cards, where the company started publishing POS working on Signed a series of memorandums of understanding with the Iraqi banks and financial institutions to provide services to them.

For his part , says an expert on economic affairs d. Ahmed Bureihi in an interview (range): Many are the service companies in the financial sector in the world, including from providing electronic services and other technical services for the development of the work of banks in the accounting and financial transfers, as there are companies that provide services in payment systems meaning transfers between banks and destinations Others, therefore, these companies are not banks , as some believe, but at the same time we can not prevent people from evaluating the work of these companies, because we see that in the result of the experiment is reveal the merits of this type of company.

Adds Bureihi Iraq as any country must develop it gradually entities that provide services to the financial sector, and the presence of such companies is considered healthy if they contribute to helping the Iraqi banks to keep up with technical development, and even if we assume that this company failed Vstota other, so , it is in principle with the presence of companies offering services that help banks to technical development , both in the field of payments or intensify electronics in the performance of their banking services and business application of electronic automation , which is now available everywhere, so that there is already a project called e - government , which means mechanize Erosion Transactions of the citizens.

weslin3 wrote:which is now available everywhere, so that there is already a project called e - government , which means mechanize Erosion Transactions of the citizens.

I saw the word working on it above and then at the end it says available everywhere. This means the local banks not just the state banks?? Is that what y'all get from this artic

We're on a row weslin, sounds like it to me also!