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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

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    Association of Banks: Electronic payment in Iraq is witnessing a major transformation

    Rocky
    Rocky
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    electronic - Association of Banks: Electronic payment in Iraq is witnessing a major transformation Empty Association of Banks: Electronic payment in Iraq is witnessing a major transformation

    Post by Rocky Sat 10 Feb 2024, 4:13 am

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

    [size=52]Association of Banks: Electronic payment in Iraq is witnessing a major transformation[/size]

    [size=45]The Iraqi Private Banks Association counted the number of electronic payment devices and payment cards during the year 2023, confirming that this issue is witnessing a major transformation.[/size]
    [size=45]The Executive Director of the Association of Banks, Ali Tariq, said, “The electronic payment file is making continuous progress thanks to the support and directives of Prime Minister Muhammad Shiaa Al-Sudani, and the government’s insistence on achieving this goal has stimulated all institutions, whether governmental, private, or financial institutions, to cooperate in the field of providing electronic payment tools to the citizen.” Across the public and private sectors.”[/size]
    [size=45]He pointed out, “After the Council of Ministers issued the decision to generalize electronic payment last year, a very significant progress and leap was achieved with regard to the number of points of sale, whether in the private or government sector, as it rose in just half a year from about 7,000 devices to 24,000 devices at the end of the year.” The same year 2023, expecting that “the number of electronic payment devices will increase further during the year 2024.”[/size]
    [size=45]He pointed out, “Nearly two and a half million cards were issued in 2023, whether prepaid cards or cards linked to an account to activate them in this field.”[/size]
    [size=45]He stressed, “Electronic payment in Iraq is witnessing a clear transformation, and it needs a little time. “So that all institutions, in accordance with the decisions issued by the Council of Ministers, can move to automation in a way that ensures the presence of electronic payment ports in all institutions and places.”[/size]
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