Home
Advisor to the Prime Minister: Supporting electronic payment is one of our priorities
Economical 10/11/2023
[You must be registered and logged in to see this image.]
Baghdad: Hussein Thaghab
Advisor to the Prime Minister, Mohamed Al-Najjar, stated that supporting the electronic payment project is one of the priorities of the Sudanese government, noting that this creates safe financial transactions and moves the financial sector to a better stage.
Electronic transactions are witnessing a clear expansion during the current period after the public of customers experienced a real benefit from the use of electronic payment tools that now provide secure transactions that have attracted a wide segment of citizens, as points of sale have reached 23,000 distributed among various regions of the country.
Al-Najjar stressed, in an interview with “Al-Sabah,” the necessity of seriously striving to develop the reality of electronic payment, which is the most prominent future trend to develop the reality of financial transactions in Iraq, pointing out that Prime Minister Muhammad Shiaa Al-Sudani attaches great importance to this issue, creating safe financial transactions that move the financial sector to... Better stage.
He pointed out that achieving cashlessness in financial transactions is extremely important, and electronic payment is a new addition to transactions in the local market, and every citizen must be aware of its importance and the benefits derived from it, indicating that Iraq requires a redoubled effort to develop the reality of financial transactions.
Electronic payment is an important axis for developing the Iraqi financial sector and moving it to an important, more advanced stage, especially since the large Iraqi monetary mass is circulating within the banking system, amounting to between 30 and 40 trillion dinars.
As for the Executive Director of the Iraqi Private Banks Association, Ali Tariq, he said: Electronic payment has achieved clear growth over the past years despite a number of challenges that limited the citizen’s acceptance of receiving this new guest. However, time was sufficient to change society’s visions towards electronic payment after seeing the real benefits. Due to the adoption of electronic cash transactions.
Tariq stressed that the reality of electronic payment is constantly evolving through the development of the performance and multiplicity of electronic services, which helps in achieving greater benefit to the audience of customers, pointing out that the Central Bank of Iraq and the Association of Banks support the development of the reality of electronic payment and the expansion of products whose ceiling is constantly rising.
Tariq pointed out that the number of ministries and government institutions that have contracted with electronic payment companies and published points of sale is 337 institutions.
He added that points of sale have grown by 123% since the Council of Ministers’ decision, and until now, there were 10,718 devices, while now there are 23,906 points of sale distributed to 19,696 in stores and private institutions, 4,210 in ministries and government institutions, stressing that the number of financial settlements that took place through points Sales amounted to about 1.56 million transactions, including 1.15 million transactions for the private sector, and 403.7 thousand transactions for government institutions since the start of the decision until today.
Meanwhile, financial affairs specialist Hisham Khaled Abbas welcomed the effort being made to shift to electronic transactions and move away from cash transactions, pointing out that achieving universality in adopting advanced systems leads to changing the reality of the Iraqi economy to a better stage.
He pointed out in an interview with “Al-Sabah” that achieving the goals of developing financial transactions is not complicated in light of the great and serious support of Prime Minister Muhammad Shiaa Al-Sudani and the cooperation of the largest specialized international companies that can bring advanced technology to the local market.
Abbas pointed out that there is interaction by the Iraqi citizen with electronic payment, and his circle of adoption is expanding continuously after realizing that adopting the card is safer than carrying money and roaming in various markets, or when traveling outside the country.
[You must be registered and logged in to see this link.]
» utube 10/7/24 MM&C Iraq Dinar News-Iraqi Dinar-Liquidity-Sudani Report-Digital Phase-Supreme Court
» utube 10/9/24 MM&C Iraq Dinar News-Optimization-Automation-Digital-Schedule Date-Secured Salaries
» The first project in Iraq to produce wind energy
» MP: No economic feasibility in Aqaba pipeline project
» Abu Saeeda: The American veto prevented Iraq from obtaining the S-400, Khordad and Pavak systems
» Parliamentary Finance Committee confirms imminent release of Ministry of Health allocations
» Federation of Iraqi Chambers of Commerce holds “fruitful” meeting with Kurdistan Regional Government
» Planning conducts new economic survey, expects unemployment rate to decline
» Iraq is the largest buyer of Iranian auto and motorcycle spare parts
» Iraq's oil exports to South Korea exceed 65 million barrels in 8 months
» Iraq offers Saudi Arabia investment opportunities in the agricultural sector
» Al-Sudani: We will continue to implement service projects in Baghdad and the governorates
» New agricultural projects in Diwaniyah
» Transportation: Returning (3) disabled aircraft to service before the end of this year
» Government Communication: Opening (175) schools
» Parliamentary praise for government financial support for {Guests of Iraq}
» Experts: Diversifying revenues is a guarantee of economic stability
» Basra oil approaches $80 per barrel
» New drop in the dollar exchange rate
» Minister of Commerce directs taking measures to preserve food stocks
» Commerce completes requests to lift injustice for its employees according to the amendment to the pe
» Parliamentary union meeting to discuss the proposed law of the Federation of Chambers of Commerce
» GCC countries officially sign contract to implement electricity interconnection project with Iraq
» How prepared is Iraq for an expected "cyber strike"?
» Al-Sudani stresses to the US Ambassador the necessity of major countries’ intervention to stop the Z
» After the Israeli threat to Sistani... Will Baghdad deploy air defense systems around Najaf?
» Who will stop the "collapse of the dinar"? Dollar prices continue to soar in Iraqi markets
» Iraq opens 22 new border posts with Türkiye
» Visited the Russian Supreme Court in Moscow... Today... The Chairman of the Judicial Council signs a
» Minister of Planning discusses with Al-Lami the role of the press in the success of the population c
» Al-Sudani's advisor: A thin Iraqi thread that will not be cut, and who is Abu Ali Al-Askari?
» Regional tension pushes the parliament speaker’s file to “the shelf of oblivion” and there are expec
» Signing the contract to implement the Gulf electricity interconnection with Iraq
» Violations in projects costing 3 billion dinars in Kirkuk
» Ministry of Planning: There are expectations of a decline in unemployment rates
» Nechirvan Barzani: Erbil-Baghdad understanding is key to stability in Iraq
» Central Bank: Loans and advances volume rises to more than 61 trillion dinars
» TBI moves on dollar prices
» International credit rating agency issues warning for region
» "Electronic banks" compete with traditional banks.. Will they succeed in Iraq?
» New rise in dollar exchange rates against the dinar in Iraq today
» The Commission calls for adherence to the rules of electoral conduct in the Kurdistan Parliament ele
» Allocating 16 billion dinars.. New details about purchasing weapons from citizens
» After the absence of the Minister of Oil.. Fuel oil quotas released to “suspicious” factories (docum
» Connecting Iraq with the Gulf at a competitive cost.. Is buying electricity from abroad more feasibl
» NSA Investigating CCP-Backed Hack of Major US Telecommunications Companies
» IV Fluid Shortage: Hospital Group Asks Federal Government to Declare National Emergency
» Rafidain announces contracting with a specialized company and experts in combating money laundering
» Al-Sudani stresses the importance of setting standards for partnership between the Iraq Development
» Parliamentary Oil Committee warns: The region is causing a reduction in Iraqi oil revenues
» MP: Court's comment on the phrase "sovereign" obligates the government and region to end foreign pre
» Iraq continues negotiations with British BP to start developing Kirkuk oil fields
» Iraq is the second largest oil supplier to India in nine months
» The Council of Ministers decides to increase the financial costs of a number of stalled projects
» Association of Banks: More than 600 government institutions adopt electronic payment
» Iraqi oil approaches $80 per barrel
» Electricity: Supply hours are declining for this reason
» Parliamentary Committee stresses the need to continue the school feeding project
» The Central Bank continues the actual implementation of banking reform plans
» World Trade Organization
» Parliamentary report: The government has achieved accomplishments in several files
» Government spokesman: We are continuing our efforts to stop the aggression and we reject the logic o
» The government completes the file to join the "WTO"
» Opening of two residential complexes in Babylon
» Facilitating the procedures for issuing a retirement card in Wasit
» Conducting labor market surveys
» Soon.. Opening of (38) new public transport lines
» Education: Announcement of the imminent elimination of illiterate employees from state institutions
» The Ministry of Interior receives more than (1200) requests within the {Your Plate for Your Home} se
» Baghdad Governorate to {Sabah}: Efforts to resolve the file of violations in the capital
» The Iraqi government rejects the accusations of treason directed at Arab brothers and insulting them
» Analysis of the Iraqi government statement on “Arab brothers”: I felt embarrassed after the threats
» Due to lack of jurisdiction.. Federal Court rejects Parliament’s lawsuit regarding withdrawal of coa
» The regional finance department talks about a deficit of about 305 billion dinars in September salar
» Iraq in the grip of its neighbors.. The absence of defensive means puts it at risk
» Iraqi analyst reveals the secret of Biden's document regarding Iran: 4 points that protect Tehran fr
» Al-Sudani stresses the importance of setting standards for partnership between the Iraq Development
» US Embassy Sends Five Warning Letters to Baghdad Within 72 Hours - Urgent
» Iraq's budget breathes a sigh of relief with rising oil prices..may witness other "jumps"
» Iraq adopts prepayment for Turkmen gas supply via Iran
» Rafidain clarifies the Cabinet’s decision to approve the contract with K2 Integrity
» Iraqi Trade Announces Strategic Stockpile and Launches “Hypermarket” Markets in Baghdad
» The countdown begins for the US withdrawal from Iraq.. Will it affect the country's security?
» The spread of drug farms in Iraq... a new threat that exacerbates security concerns!
» Launching a package of medical and social guidelines to raise awareness of the dangers of breast can
» The government approves the issuance of the second amendment to the investment system
» Integrity Commission reveals readiness of the law to recover corruption proceeds
» How did the Federal Court interpret the phrase “fully sovereign” in the Constitution?
» Al-Sudani directs the Tax Reform Committee to write a draft law for the sales tax
» Mawazine News publishes the text of the Cabinet decisions in its second session today
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
» Dollar prices fall in Baghdad stock exchanges
» Al-Sudani Advisor: The Ministry of Finance is preparing the 2025 budget tables
» New Cabinet decisions, including those related to “Iraqis deported” from abroad
» List of dollar exchange rates against the dinar in Iraq today
» Ranked 29th out of 100 countries, Iraq raises its gold holdings to more than 152 tons
» The Bank of Iraq extends working hours to complete money transfer transactions
» Central Bank Governor: National Bank Lending Strategy Aims to Stimulate and Activate Economy