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Ki: Electronic payment supports economic reform


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3 hours ago, Butifldrm said:

The number of Iraqis over the age of 15 years, who now have a bank account has reached 23%, twice the proportion in 2011," according to the World Bank " 

 

Well, OK, You Go, Girl!!!, Butifldrm, AND The Very Best Of Your Week To You!!! :tiphat:

 

Thank YOU, Butifldrm, for ALL THESE Great Posts!!!

 

IF (NOTE: IF) I remember correctly, the sought after percentage was something like 21% or 22%. LOOKS like THEY have NOW topped THAT!!!

 

IF (NOTE: IF) I remember correctly, nominally 50% of the Bicraqi Iraqi population is BELOW the age of 15!!!

 

SO............................................................

 

Likee nominally one half (1/2) of the LIKELY AND ELIGIBLE Bicraqi Iraq ARE NOW FINANCIALLY INCLUDED!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

Go Moola Nova!

:pirateship:

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  • yota691 changed the title to Important Notice for Social Protection The {Keycard}
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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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Release date: 2019/5/3 20:04 • 687 times read
Important Notice for Social Protection The {Keycard}
{Baghdad: Al-Furat News} The Social Protection Department of the Ministry of Labor issued its intention, regardless of the smart card.
The Agency promised {Euphrates News} a copy of the recipients of card holders Card Card eight digits whose cards appeared {locked} during the second installment to include the eight digits only and not to enter the {-} and the subsequent numbers during the electronic data update to open the form Update them. "Done
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  • yota691 changed the title to The cash of the crowd distributed a card "Key Card" to the fighters of the Fifth Brigade in Basra
BAGHDAD / Al-Ghad Press: The 

Directorate of Finance in the popular mobilization, on Saturday, distributed a card "Key Card" for members of the Fifth Brigade in the province of Basra. 

The Directorate of Finance in the popular crowd in a statement received "Al-Gharab Press," a copy of it, "the Directorate began today, distributed a card" Key Card "for the fighters of the Fifth Brigade in the province of Basra, indicating that the distribution of cards continues in Basra operations sector of the popular crowd.


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Baghdad Post Thursday, 16 May 2019 02:00 PM

 

Minister of Labor: We seek to modify the contract of smart card and improve the service to beneficiaries

Bassem Abdel-Zaman

 
 

 

Minister of Labor and Social Affairs Dr. Bassem Abdul Zaman confirmed on Thursday that the ministry is seeking amendments to the contract signed with the International Card Company to ensure the improvement of the service provided to beneficiaries who receive the benefits through smart card. 
Abdul-Zaman said during a meeting with representatives of the Rafidain Bank and the smart card company that "the legal basis indicates the possibility of amendments to the contract in the event of a problem in providing the service," pointing out that "the ministry monitored cases of fraud and mismanagement and service in the smart card project, For many problems got in the ironing card.
He stressed the importance of the agreement on a unified formula for the contract after a joint meeting between the ministry and the bank and the card to study the comments and proposed amendments to the contract in order to submit to the central bank to reach a unified formula to ensure improvement of service provided to beneficiaries. 

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  • yota691 changed the title to Minister of Labor: We seek to modify the contract of smart card and improve the service to beneficiaries

Minister of Labor: We seek to amend the smart card contract to improve the service provided to beneficiaries

May 16, 2019 1:04 PM Views:

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Minister of Labor and Social Affairs Dr. Bassem Abdul Zaman confirmed on Thursday that the ministry is seeking amendments to the contract signed with the international company for smart card (Key Card) to ensure the improvement of the service provided to beneficiaries who receive the benefits of the subsidy through smart card.

Abdul-Zaman said during a meeting with representatives of the Rafidain Bank and the smart card company that "the legal basis indicates the possibility of amendments to the contract in the event of a problem in providing the service," pointing out that "the ministry monitored cases of fraud and mismanagement and service in the smart card project, For many problems got in the ironing card.

He stressed the importance of the agreement on a unified formula for the contract after a joint meeting between the ministry and the bank and the card to study the comments and proposed amendments to the contract in order to submit to the central bank to reach a unified formula to ensure improvement of service provided to beneficiaries.

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Part of the signing of the Memorandum
  

 Banks


Economy News Baghdad

The International Finance Corporation (IFC), a member of the World Bank Group, has signed a memorandum of understanding with the International Development Bank ( IDB ), one of Iraq's leading private banks, to begin cooperation and expand financial services to the private sector and support the country's economy.

"This memorandum of understanding would help the International Development Bank for investment and finance strengthen its position locally and support private and public sector companies," the development bank said in a statement read by the economy. 

"The cooperation between IFC and the International Development Bank is aimed at facilitating access to financial services such as loans, trade finance and other forms of financing to the Bank's customers, which ultimately helps them create jobs and contribute effectively to economic and social development."

"This agreement translates and confirms the achievements of the International Development Bank from bank maturity and implementation to leading practices in corporate governance as well as having a huge infrastructure in banking technology systems and maintaining a financial position," said Ziad Khalaf Abd, Chairman of the Bank. Strong and strong. "

"The International Finance Corporation ( IFC ) has always chosen leading partners in all the developing countries it works to promote sustainable projects in these countries which are characterized by economic benefit and financial and commercial integrity as well as social sustainability."

He also praised the importance of this agreement in the implementation of the decision of the General Secretariat of the Council of Ministers and circulars of the Central Bank, which aims to liberalize the banking sector and support in the implementation of commercial financing operations of public sector institutions and without the mediation of government banks.

"Iraq is a priority for the IFC and we remain committed to supporting its economic growth," said Dalia Wahba, IFC Director for the Middle East and North Africa.

She added: "The selection of the International Development Bank as our partner under the signed memorandum of understanding follows the recent emergence of the International Development Bank among eligible banks that have the infrastructure in line with the principles and requirements of IFC. We hope to provide various products and services to the Development Bank and its assistance To meet the needs of the public and private sector in trade finance operations. "


Views 67   Date Added 21/05/2019

 
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  • yota691 changed the title to Signing a memorandum of understanding for cooperation between the International Development Bank and IFC in the field of investment and consulting
Date of release:: 2019/5/21 12:36 • 130 times read
International Finance Corporation (IFC) Signs Memorandum of Understanding with Iraqi Bank
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a memorandum of understanding with the International Development Bank (IDB), one of Iraq's leading private banks, to start cooperation and expand financial services to the private sector and boost the country's economy.
The agreement helps the International Development Bank for investment and finance to strengthen its position locally and support private and public sector companies. 
In view of the limited access of Iraqi companies to financing, the cooperation between IFC and the International Development Bank is aimed at facilitating access by the Bank's customers to financial services such as loans, trade finance and other forms of financing, which ultimately helps them to create jobs and contribute effectively to the process. Economic and social development. 
The agreement aims to expand financial services and contribute to the revitalization of trade finance and to participate in the reconstruction process effectively. This step is a confirmation of the achievements of the International Development Bank and the Bank has adopted comprehensive strategies and implementation of the principles of sound corporate governance and continuous investment in IT systems and infrastructure to reflect The true picture of the Iraqi banking sector and its ability to provide comprehensive banking services.
Said that this agreement translates and confirms the achievements of the International Development Bank from the maturity of banking and implementation to the pioneering practices in corporate governance as well as having a large infrastructure in the banking technology systems and maintaining a strong and strong financial position that contributed to the signing of this agreement with the International Finance Corporation (IFC), which has always chosen the leading partners in all the developing countries in which it works to encourage sustainable projects in these countries which are characterized by economic benefit and financial and commercial safety in addition to its social sustainability and from this point of view and awareness of our bank and faith With the same principles and vision of the International Finance Corporation (IFC), there was a point of convergence and intersection to build a strategic partnership between the International Development Bank. This partnership aims to develop the initiative in investment projects in the private and public sectors and contribute to the economic development in Iraq in addition to sustainable development and improvement. Living conditions. He also praised the importance of this agreement in the implementation of the decision of the General Secretariat of the Council of Ministers and circulars of the Central Bank of Iraq, which aims to liberalize the banking sector and support in the implementation of commercial financing operations of public sector institutions without the mediation of government banks.
This effort is part of IFC's strategy to support Iraq's private sector and help diversify its economy and reduce its dependence on the oil sector and state-owned enterprises. 
"Iraq is a priority for the IFC and we will remain committed to supporting its economic growth," said Dalia Wehbe, Director of the International Finance Corporation for the Middle East and North Africa (MENA) region. "The choice of DFID as our partner under the signed Memorandum of Understanding comes after emerging DFID has recently been among eligible banks that have the infrastructure that is in line with the principles and requirements of IFC. We hope to provide various products and services to the Development Bank and help it meet the needs of the public and private sectors in commercial finance operations. "
IFC's portfolio has grown significantly over the past five years and now stands at over $ 1.5 billion. 
The International Development Bank for Investment and Finance (IDB) was established in 2011 with a branch network of 15 branches in Iraq as well as representative offices in the UAE and Lebanon. Today, the bank is one of the leading banks in Iraq in the field of providing corporate and individual banking services. He represents the Ziad Khalaf family, one of its main sponsors. Since 2018, the shareholder base has expanded and currently includes more than 100 ordinary shareholders.
IFC, the sister institution of the World Bank and a member of the World Bank Group, is the world's largest private sector development firm focusing on emerging markets. IFC collaborates with more than 2,000 companies worldwide and uses its capital, expertise and influence to create markets and create opportunities in the most challenging regions around the world. In fiscal year 2018, it was able to provide more than $ 23 billion in long-term financing in developing countries, drawing on the strength of the private sector to reduce extreme poverty and promote common prosperity.
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21-05-2019 11:37 AM
image.php?token=b419cd7c25b0f1f692d37099d66222e9&c=8535768&size=
 


 

Baghdad

The International Finance Corporation (IFC), a member of the World Bank Group, has signed a memorandum of understanding with the International Development Bank (IDB), one of Iraq's leading private banks, to begin cooperation and expand financial services to the private sector and support the country's economy.

This MoU would help the International Development Bank for Investment and Finance strengthen its position locally and support private and public sector companies. In view of the limited access of Iraqi companies to financing, the cooperation between IFC and the International Development Bank is aimed at facilitating access by the Bank's customers to financial services such as loans, trade finance and other forms of financing, which ultimately helps them to create jobs and contribute effectively to the process. Economic and social development.

The agreement aims to expand financial services and contribute to the revitalization of trade finance and participate in the reconstruction process effectively. This step is a confirmation of the ongoing achievements of the International Development Bank and after the Bank adopted comprehensive strategies and implementation of the principles of sound corporate governance and continuous investment in IT systems and infrastructure to reflect the true image of the Iraqi banking sector and its ability to provide comprehensive banking services.

Said that this agreement translates and confirms the achievements of the International Development Bank from the maturity of banking and implementation to the pioneering practices in corporate governance as well as having a large infrastructure in the banking technology systems and maintaining a strong and strong financial position that contributed to the signing of this agreement with the International Finance Corporation (IFC), which has always chosen the leading partners in all the developing countries in which it works to encourage sustainable projects in these countries which are characterized by economic benefit and financial and commercial safety in addition to its social sustainability and in this sense and the recognition of our bank and faith With the same principles and vision of the International Finance Corporation (IFC), there was a point of convergence and intersection to build a strategic partnership between the International Development Bank. This partnership aims to develop the initiative in investment projects in the private and public sectors and contribute to the economic development in Iraq in addition to sustainable development and improvement. Living conditions. Ziad also praised the importance of this agreement in the implementation of the decision of the General Secretariat of the Council of Ministers and circulars of the Central Bank, which aims to liberalize the banking sector and support in the implementation of commercial finance operations of public sector institutions and without the mediation of government banks.

This effort is part of IFC's strategy to support Iraq's private sector and help diversify its economy and reduce its dependence on the oil sector and state-owned enterprises.

"Iraq is a priority for the IFC and we remain committed to supporting its economic growth," said Dalia Wahba, Director of the International Finance Corporation for the Middle East and North Africa, Middle East and North Africa (MENA) region. The latter are among eligible banks that have the infrastructure in line with the principles and requirements of the International Finance Corporation. We hope to provide various products and services to the Development Bank and help it meet the needs of the public and private sectors in commercial finance operations. "

IFC's portfolio has grown significantly over the past five years and now stands at over $ 1.5 billion.

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https://www.alsumaria.tv/news/محليات/306222/استخبارات-الحشد-الشعبي-تصدر-توضيحاً-حول-سحب-كي-كار.......

intelligence issued an explanation on the withdrawal of the "Key Card" of the associate

2019-05-31 10:30
The popular crowd intelligence issued an explanation on the withdrawal of the "Key Card" of the associate
 
Source:
 
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The intelligence officers of the Popular Propaganda Organization issued an explanation on Friday about incorrect reports of "keycard" cards circulating on social networking sites.

"As of now, the K-Card cards of the intelligence services have not been handed over, and so what has been circulated on the social networking sites regarding the withdrawal of these cards from the associates is totally untrue," the paramilitary said in a statement received by Alsumaria News.She added: "We are from the principle of care and responsibility call for not dealing with those news that try to interfere with our achievements or underestimating the success of the project to settle salaries, which we strongly support and provide all facilities to complete its steps. 

Al-Maaideya explained that "its employees are still receiving their salaries according to the financial powder system and everything that is being traded with the intention of making accusations against us is a disgrace."
 
 
 
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_NEWS_DATE: 2019/5/31 20:24 ?? AÂ ¢ ?? A ??? ¢ 1240 times read
The crowd intelligence issued an explanation after news circulated about the card "Key Card"
[BAGHDAD- 
En Intelligence officers in the popular crowd on Friday issued an explanation on false reports of "keycard" cards circulating on social networking sites.
"So far, the K-Card cards of the intelligence services have not been handed over, and what has been circulated on the social media sites regarding the withdrawal of these cards from the associates is completely untrue," she said in a statement. 

The communique called for "not to deal with those news that attempts to disrupt the achievements or underestimate the importance of the success of the project to settle salaries." 

He stressed that "the employees of intelligence assistants are still receiving their salaries according to the system of financial powder, and everything that is traded with the intention of making accusations is not true."
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http://www.alliraqnews.com/modules/news/article.php?storyid=82348......

Stop issuing card "Key Card" and replace it with "Master Card Rafidain"

_NEWS_DATE: 2019/6/4 14
Stop issuing card "Key Card" and replace it with "Master Card Rafidain"
[BAGHDAD-IN] 
KI has announced the suspension of the issuance of "Key Card" cards in the National Pension Authority, showing the replacement of MasterCard cards issued by Rafidain Bank.

The company said in a statement on Monday that RTT had suspended the issuance of "K-Card" cards on June 2, which was issued by the National Pension Authority. 

He pointed out that the Rafidain Bank and the company "K" will issue cards "MasterCard" instead of it, noting that the cards "Key Card" issued in the past will be replaced by the new issue of cards, "Master Card Rafidain" within a timetable. 

He assured card holders that the replacement will be carried out in a streamlined manner that will guarantee the rights of retirees and continue to receive their salaries normally, and there will be no interruption during the replacement process.
 
 
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So these cards can be used outside of Iraq as soon as the currency goes international? Or does it mean they can use them outside the country now and that the amount on the card automatically converts to whatever country they visit?  I guess it doesn't make a difference.  Just curious.  It is a Mastercard after all.

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Memorandum of Understanding between the production and economic Jordanian Iraq

Economy | 06:04 - 11/06/2019

 
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Baghdad - Mawazine News 
The Association of Information Technology and Communication Companies "Production" and the Jordanian-Jordanian Economic Association signed a memorandum of understanding to regulate economic cooperation and facilitate the operation of Iraqis and Jordanians, digital transformation and cooperation in reconstruction projects of Iraq. 
The memorandum signed by the Chairman of the Board of Directors of the Association "Production" Bashar Hawamdeh and the Chairman of the Board Khaled Kanaan, in the presence of the Iraqi Ambassador in Amman Safia Suhail, to cooperate in the areas of exchange of experiences and technical consultations through holding meetings and seminars and internal and external conferences in order to raise cooperation Economic relations between the two countries.
The Minister of Digital Economy and Entrepreneurship, Muthanna Al Gharaybeh, who attended the signing, said Jordan is ready to put its expertise and practical experiences in the fields of communications and information technology, digital transformation and entrepreneurship among the Iraqi brothers to benefit from them. He stressed that Jordanian companies have accumulated experience to enable them to provide all necessary These are areas for Iraqi brothers. 
He pointed out that Jordan is currently continuing the process of digital transformation. A large number of traditional government services have been transferred to the electronic, as well as the application of financial technology and electronic payment technology to a large number of services in various sectors. A large part of the automation of the health sector has been implemented, To reach the overall digital economy.
He stressed the importance of the organization of cooperation with the Iraqi side, which is a promising market for Jordanian companies, adding that the Jordanian ICT companies have many opportunities and diverse and valuable in the Iraqi market. 
He pointed out that the Memorandum of Understanding establishes a formal and organized work that will lead to building a partnership between the public and private sectors in the ICT sector between the two countries. 
He stressed the importance of this sector and the urgent need at this stage to exchange experiences between the two countries and benefit from Jordanian expertise, as the Iraqi economy is large in size and potential and needs a great deal of support in development projects. 
He announced that the association in partnership with the Association of Iraqi private banks and the International Finance Corporation and "production", will hold a joint meeting in Baghdad in July next to discuss the digital transformation in the banking sector.

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On 6/4/2019 at 10:55 PM, cranman said:

So these cards can be used outside of Iraq as soon as the currency goes international? Or does it mean they can use them outside the country now and that the amount on the card automatically converts to whatever country they visit?  I guess it doesn't make a difference.  Just curious.  It is a Mastercard after all.

You can use them now..I have had one for years and it works here in Australia 

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On 6/4/2019 at 7:55 AM, cranman said:

So these cards can be used outside of Iraq as soon as the currency goes international? Or does it mean they can use them outside the country now and that the amount on the card automatically converts to whatever country they visit?  I guess it doesn't make a difference.  Just curious.  It is a Mastercard after all.

 

yes the card will do the exchange conversion upon transaction .....

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I just did some Calculations....Stay with me on this...The Article came out on the Distribution on the Master and Visa Card will come out on the first week in July,Which will take us around the 10th in July.....(191 Days) Maybe it( the Days) Started January 1,2019 to July 10th.....Once the Iraq Citzens have there Card in Hand to do the Electronic Tranfer, Nine days later the IMF with have the Final Decision on the SBA....Just My Opinion.....Also I Believe this Article were Hidden in January.

.

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 Banks


Economy News Baghdad:

Deputy Prime Minister received for Economic Affairs and Finance Minister of Iraq , Fouad Hussein, at the headquarters  of the Presidency of the Council of Ministers in the capital of the Iraqi Baghdad, Engineer Ziad Khalaf Abdul Chairman of the Bank of  the International Development and board member of the Union of Arab Banks, were presented prospects for economic and financial situation  in Iraq, and the role of the sector The Iraqi private banker in supporting the march of development and development in the country.

Hussein stressed « the attention of the Iraqi authorities concerned with the support of the Iraqi banking sector , the efforts of the private and cooperation with the Union of Arab Banks on more than one level (training and meetings) , where the fact that the private banking sector , effective and serious contributor».

For his part , Engineer Khalaf confirmed Abdul "that the International Development Bank ,which is a banking interface  Iraqi special, but it is in the process of infrastructure, according to the latest enabling technology and cognitive standards,  as well as the rehabilitation of the human cadre to match the requirements of the banking business of international», referring to the «looked forward to  banking activities Economic and international level in cooperation with the relevant government agencies in Iraq,  led by the Prime Minister, the Ministry of Finance, the Central Bank and the Association of Iraqi private banks »


Views 59   Date Added 16/06/2019

 
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  • yota691 changed the title to Minister of Finance and Chairman of the Development Bank discuss the role of the private banking sector
  • yota691 changed the title to Iraqi work to develop a strategy to facilitate the issuance of smart card to beneficiaries

Iraqi work to develop a strategy to facilitate the issuance of smart card to beneficiaries

Iraqi work to develop a strategy to facilitate the issuance of smart card to beneficiaries
A headquarters of the Iraqi Ministry of Labor and Social Affairs
 20 Jun 2019 03:24 PM

Mubasher: The Disability Care and Special Needs Unit of the Iraqi Ministry of Labor and Social Affairs has developed a strategy to facilitate the issuance of the MasterCard card for the full-time appointment of the full-time recipient, specifically the recipients of the first installment for the first three months of this year.

The administrative deputy of the Authority, in a statement to the Ministry of Labor and Social Affairs on Thursday, that the Commission has identified three stations to issue smart card for Rafidain Bank.

He added that the stations were distributed at the headquarters of the Authority and the headquarters of the Department of Retirement and the Social Protection Authority, as well as 22 outlets spread in Baghdad on the sides of Karkh and Rusafa.

Al-Helou pointed out that Al-Rasheed Bank has set up an immediate issuing station at the headquarters of the Authority, namely Al-Rusafa in particular, and another station in Al-Karkh, as well as branches of the Bank in the governorates.

The administrative deputy of the Authority, that the distribution of salaries of the full-time appointment will be all through the smart card (Master Card), to lift the burden on the citizens of the beneficiaries of this privilege.

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Betrayal "of the Central Bank ... How to hand over the data of the security forces to third parties?

  •  June 23, 2019 - 17:37
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Baghdad: Sumer News collusion and support, the second to hand over the database of security forces to an American company, all this in exchange for "secret deals suspicious" and at the expense of the exclusion of Iraqi civil companies. The Central Bank and the Bank of Rasheed, with the support of the government, went to support MasterCard for electronic payment. This support was developed until there were many clashes between the Iraqi government party and the American company in many fields so that the citizen can imagine that MasterCard is the only company responsible for the system. Financial and electronic, at a time there are dozens of Iraqi companies working in this area. "Flattery" The two sides have reached the stage of publishing the bank's news on its official website, stating that MasterCard honored the bank during its annual conference in Spain and that the award came in view of the policies and strategies adopted by the bank in the payment systems. In addition, To contribute to support the bank and banks and licensed companies operating in Iraq. The news published on the central bank's website appears to have borne fruit recently, and the company, through "suspicious" deals with corrupt officials, has been able to extend its control over the country's most important database, the security services. The decision to settle the salaries of the security forces and popular mobilization, but this resettlement, although it is a correct economic step, but it was agreed with a US company, where the company received the entire database, the number and ranks and ranks of the security forces in full with all their personal data, Any country should hand over a database of this gravity to a foreign company, not a local one? The life of the security forces is always at risk due to the security situation in the country, forcing them to hide their identities. But now all their lives are exposed to the hands of a foreign body that is suspected of destabilizing Iraq. This American company, founded in 1966, has become the first in the world in the field of electronic payment, but there are hundreds of companies or thousands of others, and each country has many companies for these financial transactions and is not exclusive to MasterCard, despite the reputation of the world, and most countries establish companies from this Type or support civil versus running the country. Iraq now owns a lot of civil companies competent electronic payment, and what MasterCard can do any other company to implement, so the database remains within the scope of the state and the hands of known and Iraqi authorities and controlled, and not delivered to a foreign party, the central bank of this step has provided external parties the trouble Penetrating any local data-pulling company, he handed it to a formal contract.
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Just got my new Master Card after a previous glitch and had to redo the paperwork cuz my name is NOT Seeymore  Butts . . . I thought groovy, then looked closer and it's the wrong name on the card, AGAIN !

 

My name is not I.P. Freely :facepalm: Here we go again with paperwork 

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56 minutes ago, 10 YEARS LATER said:

Just got my new Master Card after a previous glitch and had to redo the paperwork cuz my name is NOT Seeymore  Butts . . . I thought groovy, then looked closer and it's the wrong name on the card, AGAIN !

 

My name is not I.P. Freely :facepalm: Here we go again with paperwork 

Well, I am going to have to move you from I.P. Daily to I.P. Freely. 

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

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