Al-Sudani directs to expedite the implementation of the electronic payment system

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[size=52]Al-Sudani directs to expedite the implementation of the electronic payment system[/size]

[size=45]Prime Minister Muhammad Shayaa Al-Sudani directed ministries and agencies not associated with a ministry and all governorates to expedite the implementation of points of sale with the electronic payment system and to make unremitting efforts for this.[/size]
[size=45]The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said, in a statement followed by (Al-Mada), that “the Prime Minister, Muhammad Shia’a Al-Sudani, directed ministries and agencies not associated with a ministry and all governorates to expedite the implementation of points of sale with the electronic payment system (POS) and make unremitting efforts for that".[/size]
[size=45]Majeed added, "The directive came, during the Cabinet meeting in its eighteenth regular session, held on 5/2/2023," stressing that "the Department of Cabinet Affairs and Committees in the General Secretariat of the Council of Ministers will follow up on the implementation of the directive with the relevant authorities."[/size]
[size=45]In addition, the bank’s deputy governor, Ammar Hamad Khalaf, stated in a press statement, “The cabinet’s decision to activate electronic payment in all joints aims to reduce the use of cash and increase dealing with funds electronically through the use of cards, which is an important complement to the salary localization project that began its implementation several years ago.” ".[/size]
[size=45]Khalaf added, "The decision will enable the bank to implement a mechanism that enables employees to receive their salaries through the payment cards currently used, such as MasterCard, and to be filled into their bank balance without the need to receive cash."[/size]
[size=45]He pointed out, "The Central Bank will intensify its efforts to increase the use of payment cards in markets and shops, and the Cabinet's decision will require government institutions and all spending units in the public and private sectors to find electronic payment devices in their dealings."[/size]
[size=45]And Khalaf went on to say, "Payment via electronic devices will reduce cash circulation, and it is better in terms of saving money and safer than transferring it."[/size]
[size=45]For its part, Al-Rafidain Bank media stated in a statement that (Al-Mada) received a copy of it two days ago, that “in line with the government program and the directive of Prime Minister Muhammad Shia Al-Sudani during the esteemed cabinet session, that ministries and all departments work to expedite the implementation of points of sale with the electronic payment system.” (POS) and in support of the decisions of the Central Bank of Iraq to move to electronic cash, starting from (June 1, 2023).[/size]
[size=45]And he continued, “Al-Rafidain Bank decided, in cooperation with the General Company for Smart Cards, to grant (POS) devices to all state institutions and the private sector for free, provide technical and logistical support, supportive software, and train all technical personnel in exchange for (zero) commissions until the end of the year 2023, and the responsibility of the Bank of Mesopotamia.” The Council of Ministers had decided earlier that the implementation of electronic sales would start in the next month.[/size]
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