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Shafaq News/ The Iraqi Private Banks Association announced, on Saturday, that 9 electronic payment companies will zero commissions on points of sale in all government sector institutions, by the end of this year, in support of the Cabinet's decision, which includes the deployment of electronic payment tools in state institutions.
The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, said in a press statement today, that the banking sector is currently working on implementing the decision of the Council of Ministers, to activate electronic payment tools, in all state institutions, so I decided 9 electronic payment companies, which are Amwal, Arabs, Iraq Gate and Ishtar Gate. And Iriba Iraq, Yanah, Qi Card, Exchange, and the National Gate, by zeroing commissions for local movements of government services on collection devices known as points of sale “POS” until the end of this year.
He added that the infrastructure of the banking sector is ready to deploy electronic payment tools, especially in light of the presence of a large number of citizens who own bank cards of all kinds.
He stressed that electronic payment companies are currently working to deploy their devices in ministries and institutions not linked to a ministry, in addition to universities, gas stations, restaurants, pharmacies, medical clinics, markets, etc., adding that this step, which is supervised by the Central Bank, is very important in achieving financial inclusion and contributing to the dissemination of Electronic payment culture and facilitation of transactions and procedures.
He added that the money cycle will be completed after activating electronic payment tools, which will contribute to increasing credit and financing large, medium and small projects.
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