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


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http://en.economiciraq.com/2017/10/11/rafidain-bank-announces-the-issuance-of-master-card-for-employees-and-citizens/......

Rafidain Bank announces the issuance of Master Card for employees and citizens

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 rami
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October 11, 2017
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Al-Rafidain Bank announced Wednesday that it has issued an electronic payment tool (Master Card) to employees, retirees, citizens and other segments of society.
“The bank has for the first time instructed its branches to issue electronic payment tools (MasterCard) to employees, retirees, citizens and other segments of society,” the bank’s press office said in a statement.
The office added that “these tools are used inside and outside Iraq and are acceptable in all ATMs connected to the MasterCard network, in addition to points of sale.”
He pointed out that “advances and loans granted to employees are through these cards and settle their salaries electronically.”

 
 
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http://www.alliraqnews.com/modules/news/article.php?storyid=66956.....

Rafidain Bank issues international master card

Editorial date: 2017/10/11 9:57  582 times read
Rafidain Bank issues international master card
[Ain-Baghdad] 
Rafidain Bank announced the issuance of one of the electronic payment tools [master card] international staff, retirees, citizens and other segments of society.
"The bank has for the first time directed its branches to issue electronic payment tools (MasterCard), which are used inside and outside Iraq and are acceptable in all ATMs connected to the network [Master Card] in addition to To points of sale. " 
He pointed out that "the advances and loans granted to employees are through these cards as well as settling their salaries electronically."


 
 
 
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  • yota691 changed the title to Al-Rafidain announces the issuance of the international MasterCard card for employees and citizens
 
Wednesday, October 11,
 
 
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Alsumaria News / Baghdad Rafidain Bank
announced on Wednesday the issuance of one of the electronic payment tools "Master Card" international staff, retirees, citizens and other segments of society. "The bank has for the first time instructed its branches to issue electronic payment tools (MasterCard), which are used inside and outside Iraq ," the bank's information office said in a statement . "This will be accepted in all ATMs connected to the MasterCard network, As well as points of sale . "

 

 

 


He added that "advances and loans granted to employees through these cards and settle their salaries electronically." 

The Rafidain Bank announced on October 8, the development of banking in a step to reach the comprehensive banking system like the countries of the civilized world.

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11-10-2017 12:34 PM
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Rafidain Bank announced on Wednesday the issuance of one of the electronic payment tools (mastercard) of international employees, retirees, citizens and other segments of society. 

"The bank has for the first time directed its branches to issue electronic payment tools (MasterCard) which are used inside and outside Iraq and are acceptable in all ATMs connected to the MasterCard network as well as points of sale," the bank's information office said. 

He added that 'advances and loans granted to employees through these cards and settle their salaries electronically'.

 

 

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Rafidain announces the issuance of international electronic payment tools

 

 Since 2017-10-11 at 10:05 (Baghdad time)

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Baghdad Mawazine News

Al-Rafidain Bank announced on Wednesday that it has issued an international payment mechanism for employees, retirees, citizens and other segments of society.

"The bank has for the first time instructed its branches to issue electronic payment tools (MasterCard) to employees, retirees, citizens and other segments of society," the bank's information office said in a statement received by Mawazine News.

"These tools are used inside and outside Iraq and are acceptable in all ATMs connected to the MasterCard network, as well as points of sale," the office added.

He pointed out that "advances and loans granted to employees are through these cards and settle their salaries electronically."

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Rafidain announces the issuance of "Master Card"

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Rafidain announces the issuance of "Master Card"

 

11-10-2017 02:46 PM

The Euphrates -

 

Al-Rafidain Bank announced Wednesday that it has issued an international electronic payment tool for employees, retirees, citizens and other segments of society.

 

The bank said in a statement today that the bank has for the first time directed its branches to issue electronic payment tools 'MasterCard', which are used inside and outside Iraq and are acceptable in all ATMs associated with the MasterCard network.

 

He pointed out that advances and loans granted to employees are through these cards and settle their salaries electronically.

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Al-Rafidain announces the issuance of the international MasterCard card for employees and citizens
 
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Economy News _ Baghdad

Al-Rafidain Bank announced on Wednesday that it has issued an international payment mechanism for employees, retirees, citizens and other segments of society.

"The bank has for the first time directed its branches to issue electronic payment tools (MasterCard) to employees, retirees, citizens and other segments of society," the bank's information office said in a statement received by Al-Iktissad News.

"These tools are used inside and outside Iraq and are acceptable in all ATMs connected to the MasterCard network, as well as points of sale," the office added.

He pointed out that "advances and loans granted to employees are through these cards and settle their salaries electronically."

 

http://economy-news.net/content.php?id=9341

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56 minutes ago, yota691 said:

The bank said in a statement today that the bank has for the first time directed its branches to issue electronic payment tools 'MasterCard', which are used inside and outside Iraq and are acceptable in all ATMs associated with the MasterCard network.

 

He pointed out that advances and loans granted to employees are through these cards and settle their salaries electronically.

 

Thank You, Yota and Butifldrm, for posting these great articles and The Best Of Your Day To You! :tiphat:

 

This appears to be one significant step to "international" and an "open economy" down to the level of the Iraqi citizen.

 

I may be wrong here but I would think a foreign country would only dispense currency in their own foreign currency and would have Point Of Sale (POS) purchases in the foreign currency. So, there would need to be some kind of "international" conversion of the foreign currency to IQD and vice versa. Are these balances settled in the foreign currency or IQD? Are the currency exchange fees (2% maybe or a flat fee) in the foreign currency or IQD? I may also be wrong here but this would seem to be problematic if the IQD were not completely international.

 

I suppose the IQD could be exchanged for USD and then the USD exchanged for the foreign currency electronically at each transaction whether ATM or POS. In this case, would the United States Treasury, Central Bank of Iraq, Trade Bank of Iraq, or the foreign countries be working these conversions electronically?

 

Either way, Iraqis out and about spending their currency in other countries looks more "international" to me!

 

Looks like "today" is the day from the quotes statement!

 

2 hours ago, tigergorzow said:

blueskyline, Yota Thanks,  DV,  Iraq is progressing very well...😊

 

GO RV / RI

 

Yeah, TigerGorZow, I'm feeling a little :backflip:   :backflip:   :backflip: about now! Maybe just practice, though!

 

Go Moola Nova!

:pirateship:

 

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im guessing this is progress , to be honest i thought these have been out for a long time, there has been so many articles about them maybe just some of the goi people been using / testing them all this time pretty sure its just what most would call in the usa a debit card not an actual credit card per se if u have money in the bank the card is tied to u can use it not lets finance /charge a vacation to London with it  but who knows maybe iraq has planned not to have a true credit type of banking system the latter is what i have been waiting to see which to me would indicate a true internationally traded currency ,,my speculative conjectures only ... Peace dv

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abadi said kurdistan problem will be settle on november . the problém oil and land all . The electronic card will fully use end of year . Give abadi , barzani and cbi do they job . We want the best rates in higher  to come not just 1 dollar . If political and economy iraq have stable the rates will higher went they start tracde on global market .imo

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  • yota691 changed the title to Rafidain reveals the advantages of the MasterCard card International
14-10-2017 01:13 PM
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Al-Rafidain Bank announced on Saturday that the international MasterCard card issued by its branches to employees and citizens provides its customers with several banking features, including loans and advances. 

"The banking services provided by the bank through electronic payment tools are all types of advances and loans," the bank's information office said. 

The statement added that 'MasterCard's advantages are the possibility of withdrawing money from anywhere inside and outside and enables its holder to use it in buying or promoting in all websites, Facebook, shopping from international brands and buying smart phone applications as well as technical and modern aspects used by them.'

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BAGHDAD / 
Al-Rafid Bank announced on Saturday that the MasterCard card offers its customers several banking advantages, including granting them advances and loans. 
The bank's information office said in a statement received by "Al-Ghad Press" a copy of it, "The banking services provided by the bank through electronic payment tools (Master Card) are the advances of all types and loans."

He added that "MasterCard's advantages are the possibility of withdrawing cash from anywhere inside and outside and enables its holder to use it to buy or promote in all websites, Facebook, shopping from international brands and purchase of smart phone applications, as well as technical and modern aspects used by them."
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8FF07844-C478-4FAD-89AC-A5EEF72D1DA8-131

Al-Rafidain: The MasterCard International card offers its customers several banking features

In local  October 14, 2017 on Iraq: MasterCard International card offers cardholders banking features several closed 19 visit

 
 

BAGHDAD / Al-Rafidain Bank announced on Saturday that the international MasterCard card issued by its branches to employees and citizens provides its customers with several banking advantages from which they are given advances and loans.

The Bank's Information Office said in a statement received by "SNG", a copy of it, that "the banking services provided by the bank through electronic payment tools (Master Card) are the advances of all types and loans."

"The advantages of Master Card are the possibility of withdrawing money from anywhere inside and outside and enables the holder to use it in buying or promoting in all the websites, Facebook, shopping from international brands and buying smart phone applications as well as technical and modern aspects used through them."

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  • yota691 changed the title to Rafidain will start issuing the "master card" for employees and retirees in the coming days

Rafidain will start issuing the "master card" for employees and retirees in the coming days

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Rafidain will start issuing the "master card" for employees and retirees in the coming days

 

14-10-2017 06:20 PM

The Euphrates -

 

A member of the Finance Committee MP Mahasen Hamdoun that the Rafidain Bank will begin issuing the international card "master card" for employees and retirees and citizens and other segments of society in the coming days.

 

The MP said in a press statement that the international card master card allows retirees residing outside Iraq to take their monthly dues from the offices of Master Card spread throughout the world. Pointing out that there is a tendency from the government to include all the salaries of employees electronically at the government banks to ensure smooth flow of employees on a monthly basis without the need for manual disbursement.

 

And added that the card will be certified from the points of sale as well as the existence of advantages in the card allows the holder to take advances and loans granted to employees through these cards and settling their salaries electronically.

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  • yota691 changed the title to Pay the salaries of the employees of the State Departments by electronic payment
 
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Economy News _ Baghdad

Rafidain Bank announced on Monday the payment of salaries of employees of some state departments through an electronic payment tool.

The bank's information office said in a statement received by "Economy News" that "the salaries of employees of the University of Nahrain and colleges supported it."

The statement pointed out that "the salaries of employees of Al-Zawra and the ready-made clothes factory of the Ministry of Industry and Minerals were paid," pointing out that 'the disbursement was made after the arrival of lists of salaries from their own departments.'

 

 

Views 13   Date Added 10/16/2017

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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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