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Ki: Electronic payment supports economic reform


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From a cash society to an electronic society.

 

Iraqi banking system continues moving forward with the implementation of electronic payment.

 

Electronic payment means less physical dinar in circulation.... This will help to reduce the note count even more

 

Go CBI

Go $1:1

 

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CBI signs MOU with Yunin B International International   July 4, 2018  Banks Economy News Baghdad:

Number of readings 26 Section: Iraq   CBI signs MoU with Yunin Bi International     Baghdad, July 4, 2018 - The Central Bank of Iraq (CBE) announced today the signing of

From a cash society to an electronic society.   Iraqi banking system continues moving forward with the implementation of electronic payment.   Electronic payment means less physica

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Ask yourself this question: If you were the head, of one of the world's biggest credit card companies, and you were negotiating with the government of Iraq, to use your credit card internationally, and use it with the Iraqi Dinar, and if you knew the Iraqi Dinar was NOT traded internationally, but the card would be issued in Iraqi Dinars....then do you think you would ask the Iraqi Finance Minister directly: Do you intend to trade the Iraqi Dinar internationally?

 

Of course you would.

 

And if you did not get a pretty clear and convincing answer to that question, you would not sign any international usage agreements for your card.

 

So what must have happened, behind the scenes at the negotiations, is that the head of MasterCard or Visa or UninP asked the Finance Minister about this, and must have got a pretty convincing "Yes"......

 

The people who run credit card companies, are not fools. They would have to believe that Iraq will trade it's currency, internationally, in the foreseeable future....or they never would have signed those agreements.

 

If the head of MasterCard is convinced this will happen....then that is good enough for me, to believe it...:peace:

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3 hours ago, Christoph said:

More ground work being laid... GO RV

Question is , how high above sea level do they need to be ?  If they could use the BS they peddle , this thing should already be done.

Edited by js214
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  • yota691 changed the title to CBI signs MOU with Yunin B International International

Central Bank signs MoU to develop smart technologies

   
 

 
 


05/7/2018 12:00 am 

 Baghdad / Al-Sabah
The Central Bank of Iraq (CBI) signed a memorandum of understanding (MoU) with Yunin Bi International International on Wednesday to develop smart payment technologies and electronic payment services in Iraq. "The company is one of the largest companies in China and most of the Asian countries in this field, in addition to being the third largest international company to issue and collect cards," said a statement issued by the Central Bank. "This agreement came in the light of the strategy of the Central Bank To develop electronic payment services and open the horizons of work and competition for international companies to participate actively in the implementation of current and future plans for the electronic payment sector, as well as the development of this sector and the transfer of expertise owned by this company to the Iraqi market, thus facilitating the payment and transfer of funds smoothly and smoothly E-cards saliva. " "The company intends to enhance the collection of card purchase payments through traders using the latest technology developed over the years in mature and promising markets," the statement said. "Supporting the international companies and organizing their work in the country will contribute directly to providing the best services and providing effective competition in this field," the statement said. "This is the third memorandum signed by the bank in 2018 with global card companies as part of its expansion plans. In the use of high technology to promote the work of cards and the development of payment systems in accordance with the best international practices. 
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On 4/24/2018 at 3:30 AM, jeepguy said:

I wonder if the  arab world  calls  the visa  1-800   number do they get  English folks on the other end  ? (  as  English  sometimes get     foreign speaking  assistance  :huh: )  :lol:

In the interest of justice, I surely hope so.😀😀😀

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Central Bank signs MoU to develop smart technologies

05/7/2018 12:00 am 

 Baghdad / Al-Sabah
The Central Bank of Iraq (CBI) signed a memorandum of understanding (MoU) with Yunin Bi International International on Wednesday to develop smart payment technologies and electronic payment services in Iraq. "The company is one of the largest companies in China and most of the Asian countries in this field, in addition to being the third largest international company to issue and collect cards," said a statement issued by the Central Bank.
 

This agreement came in the light of the strategy of the Central Bank To develop electronic payment services and open the horizons of work and competition for international companies to participate actively in the implementation of current and future plans for the electronic payment sector, as well as the development of this sector and the transfer of expertise owned by this company to the Iraqi market, thus facilitating the payment and transfer of funds smoothly and smoothly E-cards saliva.


The company intends to enhance the collection of card purchase payments through traders using the latest technology developed over the years in mature and promising markets," the statement said. "Supporting the international companies and organizing their work in the country will contribute directly to providing the best services and providing effective competition in this field," the statement said.

 

This is the third memorandum signed by the bank in 2018 with global card companies as part of its expansion plans. In the use of high technology to promote the work of cards and the development of payment systems in accordance with the best international practice
 

http://www.alsabaah.iq/Article.....?ID=159563

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The Secretariat of the Council of Ministers is considering the stages of e-government and calculating the duration of retirees

index12.jpe
The Secretary General of the Council of Ministers chaired a meeting on e-government and the most prominent procedures for the treatment of retirees in the presence of Undersecretary of the Ministry of Finance, the President of the General Retirement Authority and the representative of the World Bank in Iraq Yara Salem, members of the Department of Quality Management and the Committee on Electronic Governance in the Secretariat General Council of Ministers.
 
 
 

The head of the General Retirement Authority referred to the stages of e-government, including the electronic system to calculate the service of the retired, and work to issue a pension card with high security specifications, working on Visa Card and MasterCard, in addition to the application of smart phones, which can retire from financial transactions Through his mobile phone, and the most prominent electronic collection.

 


He stressed the Secretary-General of the Council of Ministers on "the integration of efforts to complete the paper carrying the final recommendations on e-government to be submitted to the Council of Ministers, directed to hold a technical meeting between the concerned authorities to arrange the paper, adding," The Council of Ministers can issue a decision on the subject of linking the parties in the government e" . End Ah

https://www.iraqpressagency.com/?p=278402

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Agreement between the Central Bank of Iraq and the Union B of China to develop electronic payment

By Rudao 2 hours ago

Logo of the Central Bank of Iraq

 

 

RODAO, Erbil - 

The Central Bank of Iraq (CBE) on Wednesday signed an agreement with China's UnionPay International to develop smart payment technologies and electronic payment services in Iraq. 

The signing took place at the Bank's headquarters in Baghdad, in the presence of officials from both sides. 

"The signing came in the light of its strategy to develop electronic payment services and to open the horizons of work and competition for international companies in the electronic payment sector," the bank said in a statement after signing the agreement. 

He added that "the agreement is also aimed at developing this sector and transferring the expertise that this company possesses to the Iraqi market, thus facilitating the payment and transfer of funds." 

The central bank is seeking to boost the collection of card purchase payments through traders using the latest technology developed by the Chinese company.

Today's agreement is the third to be signed by the bank in 2018 with international card companies (MasterCard, Visa Card, UnionPay International). 

According to a report released at the end of 2017 by the bank, 89 percent of the country's adult population does not have bank accounts. 

Iraq has two main government banks, Rafidain and Rashid, with branches in all Iraqi provinces, as well as 50 private banks.

http://www.rudaw.net/arabic/business/04072018

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Editorial Date: 2018/7/4 19:47 • 236 times read
Iraqi-Chinese agreement to develop electronic payment services
[Where-Baghdad] 
Central Bank of Iraq, signed on Wednesday, with the company "Union International BV" China, signed an agreement to develop smart technologies for payments, and electronic payment services in Iraq.
"The signing process took place at the Bank's headquarters in Baghdad, in the presence of officials from both sides," the bank said in a statement. 
"The signing came in the light of its strategy to develop electronic payment services and open the horizons of work and competition for international companies in the electronic payment sector." 
He explained that "the agreement also aims to develop this sector, and transfer the expertise owned by this company to the Iraqi market, thus contributing to facilitate the processes of payment and transfer of funds."
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1 minute ago, pokerplayer said:

 

Hey there FDW, long time no see. When did you get out of re-hab ?  LOL  J/K, hope all is well and your sitting tight like the rest of us,.

 

   pp 

 

I'm out now on vacation in Dominican Republic with family......for the moment, re-hab prescription has been El Ron Brugal Lmao :lol:

Yup, I continue to be sitting tight with everyone.......though my @SS hurts for sitting around for years till this thing to pop hahahahaha.:lol:.......(sigh!:facepalm2:)

 

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  • yota691 changed the title to Ki: Electronic payment supports economic reform

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