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  Rafidain: Submission to the predecessor of the state employees electronically and from branches of the bank exclusively


yota691
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  • yota691 changed the title to Association of Iraqi Private Banks: The project to settle the salaries of employees is the beginning to consolidate the concept of financial inclusion
 

The Iraqi Association of Private Banks announced on Wednesday that the project to settle the salaries of Iraqi employees is a beginning to consolidate the concept of financial inclusion, considering the process of settling salaries a bold decision from the government.
The head of the Association of Iraqi Private Banks, Wadih al-Hantal, said in his speech at the bank fair for the settlement of salaries that “this big carnival promises to start towards a solid banking sector and to consolidate the concept of financial coverage to reach banking services for all sectors of the Iraqi people, headed by government employees to contribute to the service of citizens and facilitate its financial operations. To an effective and productive digital economy “.
He added that “the bold decision by the Council of Ministers to settle the salaries of state employees in qualified banks through the opening of bank accounts and the use of credit cards, which came under the auspices of the Central Bank of Iraq and support through the vision of his compass is the cornerstone to build a sustainable relationship between citizens and banks, where this decision will allow a large slice To benefit from modern banking services and to convert the prevailing thinking, relying on the banking compactness to fill the deficit in funding through the surplus units.
He pointed out that “everyone knows that the Iraqi economy suffers from a unilateral source of revenue in a large way where oil revenues account for almost 85% of the total revenue while all other revenues constitute only 15%, which requires reform to increase non-oil revenues, many of which are due to Manual collection, which must be converted into an electronic collection contributed by banks through the issuance of electronic payment tools and collection companies through the acceptance of these tools instead of cash.
He added that “the project to settle the salaries of the beginning of the deployment of electronic payment tools and thus the possibility of electronic collection of state revenues.”
He pointed out that “there are things provided by this shift to electronic criticism and the most important provisions of the comprehensive control and eliminate many of the pests of society such as theft, money laundering and terrorism financing, adding to the importance of addressing inflation.” He pointed out that “the Association of Private Banks is committed to the implementation of the government plan and the Central Bank to switch to electronic transactions and provide the necessary tools.”

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  • yota691 changed the title to Al-Rafidain pays the salaries of the employees of the departments through electronic payment cards
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Al-Rafidain pays the salaries of the employees of the departments through electronic payment cards

In local  November 17, 2017 on Rafidain The salaries of employees of departments through electronic payment cards closed 31 visits

 
 

Baghdad / SNG - Rafidain Bank announced the payment of salaries of employees of some departments of the state through electronic payment tools. 
"The salaries of the employees of some universities and departments of the Ministry of Higher Education and Scientific Research and the departments of the Ministry of Industry and Minerals and Ministry of Water Resources departments have been paid," the bank's information office said in a statement. 
He pointed out that "the disbursement was through electronic payment cards and after the arrival of the instruments of their amounts from their circles."

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Release date: 2017/11/17 13:09 • 87 times read
Al-Rafidain pays the salaries of the employees of the departments through electronic payment cards
[Ayna-Baghdad] 
Rafidain Bank announced the disbursement of salaries of employees of some departments of the state through electronic payment tools.
"The salaries of the employees of some universities and departments of the Ministry of Higher Education and Scientific Research and the departments of the Ministry of Industry and Minerals and departments of the Ministry of Water Resources have been paid," the Information Office of the Bank said in a statement. 
He pointed out that "the disbursement was through electronic payment cards and after the arrival of the instruments of their amounts from their circles." 
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  • yota691 changed the title to Central Bank: The project of localization of salaries reduces the cost of printing currency and risk to individuals and institutions​​​​​​​
 
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Governor of the Central Bank Ali Al-Alaq

Economy News Baghdad:

Central Bank Governor Ali al-Alaq announced Wednesday that the project of localization of salaries will reduce the cost of printing the currency and reduce the direct and indirect risks to individuals and institutions, pointing out that the project aims to create a competitive market development of banking services.

 "In order to shift from a purely monetary society to a society that adopts electronic payment tools, the central bank has led this process through the acquisition of systems and infrastructure," said Ali Al-Alak, governor of the Central Bank of Egypt. Best practices consistent with international standards ".

He added that "the project to settle salaries will reduce the cost of printing and counting and sorting the currency and reduce the direct and indirect risks to individuals and institutions."

He pointed out that "this transformation aims to create a competitive market, the development of services and practices in the banking sector." He pointed out that "there is wide interaction by the banking sector to make the success of the project to settle salaries through the use of the best programs and equipment."

He pointed out that "the Central Bank provided the legal and legislative framework to work electronic payment tools through the formation of the Supreme Council for electronic payment, which includes the public and private sector," stressing that "the project to settle salaries means improving the process of financial inclusion."

 

 

Views 1772   Date Added 11/15/2017

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Director of Payments Department at the Central Bank, Souha Abdel-Karim «Economy News»
  
 

Economy News Baghdad:

The Central Bank announced that the localization of salaries will include the private sector after the completion of the public sector, indicating that the project of the resettlement of salaries will have a significant impact on Iraqi banks through stimulating and improving techniques and modern services.

"The Central Bank of Iraq is leading the transition from a monetary society to a non-monetary society through the use of modern electronic payment tools," said the director of the payments department at the Central Bank, "Economic News", indicating that "the first project to achieve the transition to A non-monetary society is a salary settlement project that we have completed infrastructure. "

She added that "the project to settle salaries aims to bring deposits and the dissemination of banking culture within the community," pointing out that "the project of localization of salaries will have a significant impact on Iraqi banks through stimulating and improving techniques and modern services."

She pointed out that "we have a plan to absorb all the ministries and then the expansion of the private sector," adding that "dealing with the cash caused great losses to the Iraqi economy, both visible and invisible."

 

Views 3500   Date Added 11/20/2017

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  • yota691 changed the title to Benefits of localization of salaries

Benefits of localization of salaries

   
 

 
 

Author: Mohamed Sherif Abu Maysam

22/11/2017 12:00 AM

The benefits of localization of salaries do not depend on the withdrawal of the cash-strapped bloc to the arena of banking, while reducing the costs and risks of the movement of cash, but will extend these benefits to establish the entry of technologies in all banking operations in the Iraqi banking sector and the overall exchanges and financial transactions in the financial and business sectors and in all aspects of life. 
The entry of ATM, as the service delivery units at exchange and exchange points that are supposed to spread in the markets and streets, necessarily means that an infrastructure capable of accommodating the service request is the technology tools and the electronic payment systems. This also necessarily means the existence of electricity and internet services Other arms are companies that will employ technology specialists to integrate their work with banks and adopt these services.
It is expected that this integration will contribute to enhancing the entry of other electronic services into the electronic trading and exchange arena, such as e-collection and previously announced job number services. It will also contribute to the reduction of the slippage rings that permeate the provision of banking services, The joints of everyday life. 
The technology outputs that will stand behind the payroll services will contribute to building bridges of trust between the public and the banking sector and will establish a culture of savings for the public when ATM units are available and accessible to the streets and commercial markets. When the beneficiary can use his electronic card inside and outside Iraq Both.
Therefore, we are about a major shift in the pattern of transactions and financial transactions and services provided by the banking sector, which is expected to withdraw its positive effects on the rates of bank credit as the exchange will provide banks with a monetary block can be raised credit rates, and the latter can contribute significantly to the rotation of the economy and revitalization Market movement is an opportunity for the lovers of this country of the project to insist on the requirement to raise the rate of credit to enter any bank in the system of these services, as what was said on this criterion in the selection of the 14 banks that started implementation, Guarantor of the existence of a banking sector that recycles money and create real development, next to the importance of other criteria established by the Central Bank, of which the total amount of deposits 5 percent reserves, as well as labor rates the legal reserve, which means that we will see the birth of a real banking sector if ratified intentions and applied these standards.
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28 minutes ago, yota691 said:

implementation

 

28 minutes ago, yota691 said:

culture of savings for the public when ATM units are available and accessible to the streets and commercial markets. When the beneficiary can use his electronic card inside and outside Iraq Both

inside and out baby...... screams international ;)

 

Thanks Yota! 

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  • yota691 changed the title to Central Bank: The first two ministries to implement the project to settle the salaries of its employees

Central Bank: The first two ministries to implement the project to settle the salaries of its employees

 Since 2017-11-23 at 13:01 (Baghdad time)
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Baghdad - Mawazine News

The Central Bank announced on Thursday the first two ministries to implement the process of settling the salaries of its employees with the participation of a number of government and private banks.

"In implementation of the directives of the General Secretariat of the Council of Ministers pursuant to Resolutions (313) for the year 2016 and (281) 2017 and after the success of the process of settling salaries of employees of the Central Bank of Iraq and after the circulation of the project on the The rest of the ministries and government institutions and all their configurations, succeeded the first two ministries after the Central Bank of Iraq, namely electricity and oil to settle the salaries of their employees with the participation of a number of government and private banks.

Jabbar said that "the salary of the month of November (the current Ministry of Electricity) and (Oil Pipeline Company) belonging to the Ministry of Oil, was received through the electronic card through the participation of a number of government and private banks."

He pointed out that "the selection of these banks was through the same employee after reviewing and inform him of the offers from those banks, and is expected to witness the month of December addition of other ministries to the project to settle salaries."

 

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  • yota691 changed the title to Rafidain calls on the state departments to settle the salaries of its employees to benefit from loans and advances
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Rafidain calls on the state departments to settle the salaries of its employees to benefit from loans and advances

In a local  November 26, 2017 on Rafidain calls on state departments to settle the salaries of its employees to take advantage of loans and advances closed 31 visits

 
 

Baghdad / SNG - Rafidain Bank called the ministries and departments of the state to settle their salaries electronically in the bank and take advantage of the banking services provided to them. 
The bank's information office said in a statement that SNG received a copy of it that
"the MasterCard card was issued to international employees of the state departments, which provides the withdrawal of the employee's salary electronically." 
He pointed out that "the MasterCard card issued by the bank has several advantages, including the granting of advances and loans to employees whose salaries are settled electronically."

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  • yota691 changed the title to Rafidain Bank called on the ministries and departments of the state to settle their salaries electronically
 

Called Rafidain Bank, ministries and departments of the state to settle their salaries electronically and take advantage of the banking services provided to them.
The bank’s information office said in a statement that
“the MasterCard card was issued to international employees of the state departments, which ensure the withdrawal of the employee’s salary electronically.”
The statement pointed out that “the MasterCard card issued by the bank has several advantages, including the granting of advances and loans to employees whose salaries are settled electronically.”

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http://www.alsumaria.tv/mobile/infograph-Details/214/infographics
The employees of Iraq are forced to settle their salaries with 15 banks
27 November 2017 - 10:07        
money and business
The government decided to settle the salaries of all public sector employees except the security ministries in 15 Iraqi and foreign banks. The project aims to withdraw 34.5 trillion dinars in houses and deposit them in banks to achieve economic development. There are currently 660 ATMs and 30,000 payment points.

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http://www.alsumaria.tv/mobile/infograph-Details/214/infographics
The employees of Iraq are forced to settle their salaries with 15 banks
27 November 2017 - 10:07        
money and business
The government decided to settle the salaries of all public sector employees except the security ministries in 15 Iraqi and foreign banks. The project aims to withdraw 34.5 trillion dinars in houses and deposit them in banks to achieve economic development. There are currently 660 ATMs and 30,000 payment points.........................Borrowed from people I appreciate 

 

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  • yota691 changed the title to The localization of salaries in banks drives economic activities

The localization of salaries in banks drives economic activities

 


29/11/2017 12:00 am 

 
The transformation of the society from cash to electronic  
 Baghdad / Hussein Thogb  
access to advanced technology in financial services and payment of employee benefits, especially salaries through the service of localization of salaries offered by (15) public and private banks, has become a reality and has become a major role in the transformation of technology A monetary society to electronic transactions. The process of "settling the salaries" means that the bank plays its actual role in managing the money and transferring it from the Ministry of Finance to the employee segment and is accompanied by other services provided by banks under the umbrella of competition. Equity capital



Director General of payments in the Central Bank of Iraq, told the "morning": "The transition to a new stage is more sophisticated reality, after it was a plan pending implementation," noting that "this process achieves economic feasibility to the banking sector and the national economy Through the course of capital within the banking system, the adoption of advanced technology in dealing with salary, where settled in a special account of the employee who has an electronic card packed with amounts can be used in daily dealings. Community transformation 



Abdul-Karim pointed out that the settlement of salaries is the first step to transform the society from a monetary society to an electronic by relying on the advanced technology witnessed by the world and was adopted locally, where the employee spends through the electronic card amounts that need and settle the surplus amount of need in the banking system, "this process move economic activity in the country through the retention of the banking system large sums of money as going compactness without economic benefit." 
She noted that "there are specialized companies expensive to deploy devices that can deal with the cards in all places, and is trading with companies of A specialized distribution of devices allocated Alatmat for this purpose in all commercial areas to be the distance between the device and the last 500 meters, and that the process of withdrawing money , without any interest rate. " Advanced technology



Confirming that it was "selected 15 banks to adopt the process of localization of salaries by the Central Bank, which set specific controls for this process has been available in these banks, where the advanced technology that was selected, and the card to the employee can be used locally and internationally. 
She pointed out that "the banks that achieve integration in the systems and technologies required for the process of settling salaries will be introduced to this service in addition to the banks covered, and the employee has the right to choose the bank that provides the best service such as loans and facilities and other services that promote competition between banks. 
It showed that banks compete and offer many services, for example , loans for Hajj without interest and other attractive services to customers that will be plentiful, especially with giving the employee the freedom to choose the bank to settle 
 his salary. " Human resources



"The adoption of advanced systems in our financial sector requires human resources capable of dealing with this technology, and here comes the role of the Association in the integration of the 
 necessary technology and expertise, " said Ali Tarek, executive director of the Association of Iraqi Banks . 
Tariq told Al Sabah that "the association has trained more than 2,000 employees during the current year on various advanced systems, which enabled the availability of expertise in the most important sections to complete banking properly." Credit and services . He pointed out that "the benefit from the settlement of salaries to the customer more than the bank, as it provides along with this service credit and services offered by many banks during the exhibition, which was organized recently at the hotel and attracted a number of employees and financial experts." "This process reduces the risk of money transfer and supports the financial capabilities of the banking system," he said. 
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  • yota691 changed the title to Rafidain begins distributing salaries of civilian retirees for the month of December
03-12-2017 01:20 PM
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Rafidain Bank announced on Sunday the release of salaries of civilian retirees for the December meal on Sunday. 

The bank's information office said that "the salaries of civilian retirees have been released today for the December meal through manual exchange and smart card," indicating that "retired citizens can receive their salaries through the bank branches or smart card outlets." 

He added that 'the bank is an executive in the disbursement of salaries after the arrival of lists of retirees by the National Pension Authority and are paid salaries immediately and without any delay or obstruction', pointing out that 'the branches of the bank has the outlets to exchange smart card and manual'. 

The General Retirement Authority distributes the salaries of military retirees every two months in individual months, while distributing salaries to civilian retirees every two months for married months.
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NATIONAL PENSION BEGINS TO PAY SALARIES FOR DECEMBER

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The National Retirement Authority began paying the salaries of the civilian pensioners for the December 2017 meal on Sunday through the Rafidain and Rashid Banks, the Iraqi Bank for Trade and the Smart Card Company.

The Commission noted that "pensioners with smart cards can check the exchange centers to receive their salaries, and the manual exchange pensioners can check the banks to receive their salaries."

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  • yota691 changed the title to   Rafidain: Submission to the predecessor of the state employees electronically and from branches of the bank exclusively
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