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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Electronic payment “shocks” citizens... entities dominate the system and the real infrastructure is

    Rocky
    Rocky
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    Join date : 2012-12-21

    Electronic payment “shocks” citizens... entities dominate the system and the real infrastructure is  Empty Electronic payment “shocks” citizens... entities dominate the system and the real infrastructure is

    Post by Rocky Mon 25 Dec 2023, 11:13 am

    [size=35][size=35]Electronic payment “shocks” citizens... entities dominate the system and the real infrastructure is “absent”[/size]
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    Sweeteners

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    2023-12-25 | 08:59


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    A major shock to citizens was the decision to switch to electronic payment at all fuel stations, schools, universities, stores, restaurants, pharmacies, etc., and to give these institutions a period of complete conversion in the first quarter of next year, for the reasons of getting rid of dealing in cash and withdrawing the financial liquidity stored by the citizen.


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    Eight million bank accounts, nine thousand electronic payment devices, and one thousand six hundred and ninety-seven ATMs are not sufficient, according to economists, as an infrastructure for switching from cash to payment, and that the decision, if the relevant authorities insist, will cause a financial crisis and confusion for the already confusing street, and add a new burden to the earning. Those who will be forced to issue a card at a cost of no less than 10,000 dinars, and then fill it with a minimum of 100,000, which in turn will be fully reflected in market prices, and will raise materials and fuel on the black market, which will in turn rebound, which constitutes an economic crisis in the country if one insists on implementing it.



    According to specialists, there are real repulsive factors imposed by banks and electronic payment companies, starting with the difficulty of issuing these cards and the lack of trustworthiness of banks regarding customer documents and their use most of the time without the knowledge of customers, in addition to not using them in most shopping stations due to employees’ ignorance of how they work, which constitutes a major obstacle that banks bear. Private companies and electronic payment companies that thought about their interests first and monopolizing the market second, and imposed one payment card designated [You must be registered and logged in to see this link.] without taking into consideration the rest of the other cards, instead of thinking about providing a real infrastructure and resorting to options that support those who use these devices, and deal with them in a way that encourages them and not forces them.

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