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Electronic banking has been launched in Iraq

rocky
rocky
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Post by rocky on Fri 16 Mar 2018, 4:43 am

Electronic banking has been launched in Iraq

The advancement of payments is the most important steps to develop financial systems in Iraq and catch up with developments in the payment systems in the developed world.
The Central Bank of Iraq is taking serious steps to move to make public and private payment systems electronically managed.
The bank stressed its desire to develop electronic payment mechanisms in line with global developments and to spread advanced payment technologies in all areas of Iraq without exception, including all transactions for the public and private sectors.

He pointed out that the past days witnessed the organization of a workshop in the province of Maysan addressed the importance of moving to a system of payments developed, as well as the activation of points of sale targeted various segments of the community of the employees of the province and some of its departments, as well as traders and owners of big markets (Malls), restaurants, hotels and others to activate the subject of points of sale And in cooperation with the province of Maysan.
He pointed out that the audience listened to a detailed explanation on the importance of resettlement and the mechanism set by the Central Bank to implement the decisions of the Council of Ministers.

The Governor of Maysan Ali Douai, during his speech at the opening of the workshop on “the importance of this step to be followed by a review of the status of the province in the settlement of salaries of employees,” stressing “the freedom of the employee to choose according to his wishes based on the benefits provided by each bank and during the next week will choose all Employee of the bank who sees it fulfills his wishes to be followed by agreement with those banks and start settling salaries, declaring that he is the first to settle his salary in banks.
All banks presented their offers to the staff of the Diwan and other departments associated with the governorate and other departments.

It has become increasingly necessary to catch up with the global development, especially in the financial sector, which has adopted advanced systems benefiting from technological developments in the world, because it is commensurate with the requirements of the implementation of work, which has reduced the time and effort much more than before.
And that the transfer of salaries and disbursement through electronic payment is important and a positive shift to achieve great benefit to the national economy and maintain a large proportion of liquidity within the banking system.

Work is being done to make electronic payment mechanisms through the Central Bank of Iraq.

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Lobo
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Post by Lobo on Fri 16 Mar 2018, 11:39 am

Sounds great Rocky, and sounds like we could be on our way.
BILLYB
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Post by BILLYB on Fri 16 Mar 2018, 12:26 pm

yes it does!fish
ron-man
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Post by ron-man on Fri 16 Mar 2018, 12:45 pm

This is good for all of us.
weslin3
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Post by weslin3 on Fri 16 Mar 2018, 1:25 pm

Swift code news goes with this to make it look even better!!

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