The Central Bank proceeds to increase electronic payment devices (POS) in accordance with the decisi

by **Rocky** Thu 01 Jun 2023, 4:55 am

Rocky: Admin Assist; Posts : 281265
Join date : 2012-12-21

Post n°1

The Central Bank proceeds to increase electronic payment devices (POS) in accordance with the decisi

by Rocky Thu 01 Jun 2023, 4:55 am

The Central Bank proceeds to increase electronic payment devices (POS) in accordance with the decision of the Council of Ministers

[You must be registered and logged in to see this image.]

[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]

Economy News _ Baghdad

Today, Thursday, the Central Bank of Iraq announced the start of increasing electronic payment devices (POS) in accordance with the decision of the Council of Ministers.

A statement by the Central Bank, received by "Al-Iqtisad News", stated that "the Central Bank of Iraq has begun implementing Cabinet Resolution No. (23044) for the year 2023, which includes providing electronic payment service (POS) in the government and private sectors."

He added, "This decision aims to enhance the culture of electronic payment and reduce the use of paper money in commercial payment and collection operations, as points of sale and various electronic payment methods will be used to facilitate electronic collection operations in effective, reliable and flexible ways."

He pointed out, "The necessary steps have been taken by the ministries concerned with collection to deploy POS devices for electronic collection purposes," noting that "the relevant ministries, agencies and government departments, such as the Ministries of Interior, Electricity, Transport, Oil and Trade, the Housing Fund and the Municipality of Baghdad, have begun to use electronic payment gateways and Installing point-of-sale (POS) devices to facilitate direct dealings with citizens, while preserving the citizen's right to choose the payment method that suits him.

The Central Bank expects that "other government institutions and departments will join this service in the coming days, which will contribute to expanding the use of electronic payment in the country."

He pointed out that "the response from the private sector was very encouraging, as point-of-sale devices were spread in commercial centers, delivery companies and licensed taxi companies, in addition to universities and private hospitals."

He stressed that "the Central Bank is working to develop and strengthen the necessary infrastructure, and to adopt the best international standards and technologies to ensure the ease and safety of using various electronic payment tools, as the operations that take place through this service are provided with high reliability and under the supervision of the Central Bank of Iraq, and it adheres to the best international practices in this regard." the field".

And the Central Bank of Iraq suggested that “the implementation of this decision will have a significant impact at the country level, as it enhances effectiveness and efficiency in collecting revenues, provides advanced financial services to citizens, contributes to digital transformation, strengthens governance, and improves the efficiency of collection and financial collection, and also contributes to increasing transparency and reducing errors.” in financial operations.

He explained, "The Central Bank of Iraq is looking forward to achieving great progress in the field of electronic payment in Iraq," considering that "this measure is a necessary step towards building a strong foundation for achieving financial stability and economic growth."

Views 94
Added 06/01/2023 - 10:12 AM
[You must be registered and logged in to see this link.]

by **Rocky** Thu 01 Jun 2023, 5:16 am

Rocky

Rocky: Admin Assist; Posts : 281265
Join date : 2012-12-21

Post n°2

The Central Bank promotes the use of payment devices (POS) in accordance with the decision of the Co

by Rocky Thu 01 Jun 2023, 5:16 am

The Central Bank promotes the use of payment devices (POS) in accordance with the decision of the Council of Ministers

[You must be registered and logged in to see this link.] | [You must be registered and logged in to see this link.]Number of readings: 332
[You must be registered and logged in to see this link.]

[rtl]Baghdad / NINA / The Central Bank of Iraq announced that Cabinet Resolution No. (23044) for the year 2023 has entered into force, represented by increasing the number of electronic payment devices (POS), which are used starting from 6/1/2023 in government institutions and the private sector to enhance the culture of payment and collection . electronically, and reduce the use of paper money in collection and commercial transactions.

In a statement, the bank confirmed that it has spent years providing this service in accordance with its powers, and in compliance with the decision of the Council of Ministers, as it has started since the beginning of this year to expand the scope of work, Hold workshops and launch incentive initiatives to implement financial inclusion and enhance the use of electronic payment by citizens, in ministries, agencies and state departments. Those working with collection and financial collection, such as the Ministry of Interior, Electricity and Oil, the Housing Fund, the Municipality of Baghdad, and the Ministry of Commerce.

The bank added, "Every entity that provides its services or has a financial collection with citizens directly, will work through electronic payment devices (POS), and the citizen has the right to choose payment in the way that facilitates it," revealing at the same time that there are other institutions and government departments that will join the (POS) service. POS) within the next few days, in implementation of the decision of the Council of Ministers.

The bank indicated, “There is a great response from the private sector, commercial centers, licensed delivery companies, taxi companies licensed by the competent sectoral authorities, and some universities and private hospitals, by providing point-of-sale (POS) devices in their work.”

He explained that he had provided the necessary infrastructure and support for the launch of this project in its expanded form, and its continued development according to the best international technologies and specifications in service of the public interest, and facilitating the procedures for electronic cash circulation through bank cards, indicating: “The transfer of money electronically from the cards of the beneficiaries of this service to the bank.” The holder of the billed account of the government agency will be after the completion of processing and settlement operations in payment systems with high reliability and security, affiliated to the Central Bank of Iraq, and in accordance with international best practices. To receive more news, subscribe to our channel[/rtl]

[rtl][You must be registered and logged in to see this link.]
[/rtl]

by **Rocky** Thu 01 Jun 2023, 5:33 am

Rocky

Rocky: Admin Assist; Posts : 281265
Join date : 2012-12-21

Post n°3

The Central Bank proceeds to increase electronic payment devices

by Rocky Thu 01 Jun 2023, 5:33 am

[size=52]The Central Bank proceeds to increase electronic payment devices[/size]

Today 11:05
1 shares

[You must be registered and logged in to see this link.]

Information / Baghdad ..
The Central Bank of Iraq announced, on Thursday, the start of increasing electronic payment devices (POS) in accordance with the decision of the Council of Ministers.
A statement by the Central Bank, received by Al-Maalouma Agency, stated that "the Central Bank of Iraq has begun implementing Cabinet Resolution No. (23044) for the year 2023, which includes providing electronic payment service (POS) in the government and private sectors."
He added, "This decision aims to enhance the culture of electronic payment and reduce the use of paper money in commercial payment and collection operations, as points of sale and various electronic payment methods will be used to facilitate electronic collection operations in effective, reliable and flexible ways."
He pointed out, "The necessary steps have been taken by the ministries concerned with collection to deploy POS devices for electronic collection purposes," noting that "the relevant ministries, agencies and government departments, such as the Ministries of Interior, Electricity, Transport, Oil and Trade, the Housing Fund and the Municipality of Baghdad, have begun to use electronic payment gateways and install Point-of-sale (POS) devices to facilitate direct dealings with citizens, while at the same time preserving the citizen's right to choose the payment method that suits him.
The Central Bank expects that "other government institutions and departments will join this service in the coming days, which will contribute to expanding the use of electronic payment in the country."
He pointed out that "
He stressed, "The Central Bank is working to develop and strengthen the necessary infrastructure, and adopt the best international standards and technologies to ensure the ease and safety of using various electronic payment tools, as the operations that take place through this service are provided with high reliability and under the supervision of the Central Bank of Iraq, and adhere to the best international practices in this field".
And the Central Bank of Iraq suggested that “the implementation of this decision will have a significant impact at the country level, as it enhances effectiveness and efficiency in collecting revenues, provides advanced financial services to citizens, contributes to digital transformation, strengthens governance, and improves the efficiency of collection and financial collection, and also contributes to increasing transparency and reducing errors.” in financial operations.
He explained, "The Central Bank of Iraq is looking forward to achieving great progress in the field of electronic payment in Iraq," considering,
[You must be registered and logged in to see this link.]

by Sponsored content

Re: The Central Bank proceeds to increase electronic payment devices (POS) in accordance with the decisi

by Sponsored content

Established in 2006 as a Community of Reality

Established in 2006 as a Community of Reality

Established in 2006 as a Community of Reality

The Central Bank proceeds to increase electronic payment devices (POS) in accordance with the decisi

The Central Bank proceeds to increase electronic payment devices (POS) in accordance with the decisi

The Central Bank promotes the use of payment devices (POS) in accordance with the decision of the Co

The Central Bank promotes the use of payment devices (POS) in accordance with the decision of the Council of Ministers

The Central Bank proceeds to increase electronic payment devices

Re: The Central Bank proceeds to increase electronic payment devices (POS) in accordance with the decisi

Similar topics

Similar topics

Latest topics

World Headline News

Board Rules Click Below

Most active topic starters

Top posters

Top posting users this week

Top posting users this month

Disclaimer

Keywords

Search Query

Display results as : Posts Topics
Tags
Advanced Search