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Competition is promoting the reality of electronic services Saturday 30 January 2021 60 Baghdad: Morning The financial advisor to the Prime Minister, Dr. The appearance of Muhammad Saleh, "The multiplicity of electronic payment companies in the Iraqi market achieves competition that leads to the advancement of the services provided to the citizen, especially when they carry an electronic or digital payment card that carries competitive advantages, such as a discount on goods and services from the national product when used in the settlement of payments." Saleh indicated that by doing so, it will be a tool to spread competition within the national economy, and thus the electronic payment card and its use will be very practical in paying public service bills and raising the efficiency of revenue collection, as long as there are encouraging incentives when paying with the digital card, until the digital environment is fully integrated. Saleh added that “introducing a new card is a healthy matter, as long as the payment system in our country is based on direct cash payment and collection in most of its transactions, which are costly in managing payments in Iraq, pointing out that raising the efficiency of digital or electronic payments must have relative discrimination when used Until Iraq becomes fully digital in its payment systems at the wholesale and retail level, so payment cards are very attractive in providing the foundations for marketing and competition as they reduce the cost of cash transactions and encourage rapid payment over time. Time ”. In addition, the International Network for Cards for Electronic Payment Services Ltd. announced the "neo" application available on the (Apple Store) or (Google Play) store, through which it is possible to create an account with an electronic wallet, without the need to visit the company's headquarters or wait for long hours, and issue a card A digital visa that you can use for all your online purchases, or visit an authorized dealer to buy a gift card or request a travel card. The managing director of the company, Zaid Fawzi, affirmed that “our vision is that money must become digital and all citizens are dealt with electronic payment, especially in the circumstances of the Corona pandemic and after it, as we continue to provide the most secure, quality and easy visa cards for the Iraqi citizen, which meet all his needs with various Methods of use in terms of various features With our products ”. Noting that the registration process in the application is according to the instructions of the Central Bank and through the smart application, you can easily follow all your financial movements And safety. He pointed out that “the application provides an electronic wallet with a financial ceiling of 50 thousand dollars annually, and the citizen can easily charge it by visiting agents spread throughout Iraq, and create your digital card directly from the application and use it by purchasing from websites that support visa payment, promotion on social media and with the recharge feature. As and when needed as soon as you have an amount of money in your wallet -
The central bank enables direct transfer of funds between electronic cards Central Bank of Iraq logo Banks Economy News - Baghdad Today, Wednesday, the Central Bank of Iraq announced the availability of direct transfer of funds between electronic cards. The Central Bank said in a press statement, received by "Al-Eqtisad News", "In an effort to implement its strategy of shifting towards electronic payment, the Central Bank of Iraq confirms the adoption of electronic card-issuing banks and electronic payment service providers" financial transfers between electronic cards (from one card to another) on That the one-time transfer ceiling does not exceed (400) thousand dinars or its equivalent in US dollars, while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars . " Number of observations 104 Date of addendum 10/28/2020
