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Al-Alaq: We are working to support electronic payment
First 2024/08/11
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The Governor of the Central Bank, Ali Mohsen Al-Alaq, said: Work is continuing to work with the general direction of the government, the Prime Minister, and the government program to support electronic payment.
The Central Bank stated in a statement that "Al-Alaq participated in a specialized workshop to accelerate the transition to electronic payment, organized by the Osool Foundation for Economic Development and Sustainable Development."
The statement quoted Al-Alaq as saying, "The bank works side by side with the government program to support electronic payment, and we are proud of what we have achieved so far, as the year 2023 witnessed an increase in the amounts processed through the national switchboard, which reflects the development of the infrastructure and the expansion in the use of electronic payment channels and the impact of the campaign launched by the Prime Minister to activate electronic payment operations in general, and in the government sector in particular."
He added that "the upward trends continued to develop during the year 2024, with the processed amounts increasing to more than two trillion dinars during July alone, compared to 800 billion dinars in the same month in 2023," noting that "government payments witnessed an additional increase, reaching 912 billion dinars last July compared to 287 million in July 2023."
Al-Alaq pointed out that "payment operations at fuel stations in Baghdad alone increased significantly, recording more than (44) billion dinars last July, compared to (183) million dinars in July 2023," revealing "the increase in points of sale (pos) to more than (50) thousand points compared to approximately (11) thousand points at the beginning of 2023."
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