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The Iraqi Central Bank Takes A Measure For Electronic Payment Companies

rocky
rocky
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The Iraqi Central Bank Takes A Measure For Electronic Payment Companies Empty The Iraqi Central Bank Takes A Measure For Electronic Payment Companies

Post by rocky on Mon 07 Sep 2020, 4:57 pm

The Iraqi Central Bank Takes A Measure For Electronic Payment Companies
On September 7, 2020
[rtl]The Independent / - The Central Bank of Iraq called on electronic payment companies to withdraw agencies from those who have no activity.[/rtl]
[rtl]The bank said in a statement it received (the independent) today, Monday, that "the licensed electronic payment companies must tighten procedures that regulate the work of agents and points of sale for those companies."[/rtl]
[rtl]According to the statement, the bank instructed “the payment companies to withdraw the agency granted to agents who do not have any movement or activities to pay salaries and pensioners’ dues within a period of (6) months from the date of the license, indicating that “otherwise punitive measures will be taken against the company that gives the agency.” (End)[/rtl]
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