|
Search the Community
Showing results for tags 'electronic payment machines (pos)'.
Found 1 result
-
The Central Bank promotes the use of payment machines (POS) in accordance with the decision of the Council of Ministers https://cbi.iq/news/view/2348 June 01, 2023 The Central Bank of Iraq announces the entry into force of the Council of Ministers Resolution No. (23044) of 2023, which is to increase the number of electronic payment devices (POS) that are used starting from 1/6/2023 in government institutions and the private sector to promote the culture of electronic payment and collection, and reduce the use of paper money in collection and commercial transactions. The Central Bank of Iraq confirms that it has been providing this service for years in accordance with its powers, and in compliance with the decision of the Council of Ministers, as it has begun since the beginning of this year to expand the scope of work, hold workshops and launch incentive initiatives to implement financial inclusion and promote the use of electronic payment by citizens in ministries, bodies and state departments that work with collection and financial collection, such as the Ministry of Interior, Electricity and Oil, the Housing Fund, Amanat Baghdad, and the Ministry of Trade, pointing out that each entity provides its services or has a collection Financial with citizens directly, will work through electronic payment machines (POS), and the citizen has the right to choose to pay in a way that facilitates him, revealing at the same time that there are other institutions and government departments that will join the service (POS) in the next few days in implementation of the above-mentioned Cabinet decision. The Central Bank indicates that there is a great response from the private sector, commercial centers, licensed delivery companies, taxi companies licensed by the competent sectoral authorities, and some universities and private hospitals, by providing point-of-sale devices (POS) in their work. This bank provided the infrastructure and support necessary for the launch of this project in its expanded form, and the continuation of its development in accordance with the best technologies and international specifications to serve the public interest, and facilitate the procedures for electronic cash circulation through bank cards, explaining that the transfer of funds electronically from the cards of the beneficiaries of this service to the bank holding the account of the government entity billing will be after the completion of processing and settlement operations in the payment systems with high reliability and security, and affiliated to the Central Bank of Iraq and according to the best International practices. Central Bank of Iraq Information Office 1 6 2023
