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Ki: Electronic payment supports economic reform


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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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Possibility of spreading banking culture

   
 

 
 


22/5/2018 12:59 am 

 Mohammed Sharif Abu Maysam  
The concept of banking culture is not only about raising banking awareness among the public, but also of banking awareness objectives that are intertwined in more than one detail with the goals of sustainable development that reach the stages of realizing the welfare state. 
In other words, the goal of achieving a state with a minimum level of well-being can not be carried out without the presence of an audience that possesses the awareness of banking, which qualifies it to claim its banking rights, in addition to knowing its duties, which are indispensable in overcoming the bureaucratic and routine rings and their illegal products in banking transactions and transactions towards creating an environment. The informal trading areas of the monetary bloc issued by the Central Bank are reduced. 
On this basis, the axes of banking awareness and financial culture were given a high priority, not less than the priority of the introduction of technologies, which will contribute to the reduction of workshops slack in the production of banking service.
But the question here is the extent to which the possibility of achieving a banking awareness among the public contributes to the culture of saving and leave the stage of rupture with the banking sector caused by the accumulation of events and facts that contributed to the establishment of mistrust over more than three decades between a total economy and an uncontrolled market economy created excruciating factors From the arena of banking to parallel markets and quarries quarrying, which calls us seriously to reflect the means of restoring confidence in conjunction with work on the axis of the introduction of electronic systems and the activation of payment tools and exchange  
through them. 
This has made the
National Program for Financial Inclusion to combine banking awareness with the protection of the public in one axis. It is no longer a matter of banking awareness without preparing answers to protect the public, which invites us to talk about the infrastructure within the human resources operating in the sector The banker in both government and private  
.
As close to the field of work may be aware of the state of non-harmony inherited among employees in the government sector specifically with the public, and certainly recognizes the public view of these institutions as institutions of authority, so it may be strange to touch the public the possibility of dealing with the beautiful "to always be right customer "When you buy the service, as it would when you buy the item from any 
special store  
Hence the need to intensify efforts on the so-called "internal customer" in the philosophy of quality assessment a reference to the workers in the establishment, and work on this element to create a link through which to promote the culture of banking and catapulted the mass of cash condensed into the arena of banking.
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Credit cards and economic revitalization

   
 

 
 


13/6/2018 12:00 am 

Saad Al Taie 
 Credit cards are an alternative to the traditional way of exchanging currency in purchasing, payment and settlement of financial transactions between different persons or institutions. 
Despite the passage of decades on the use of credit cards in different countries of the world, but Iraq has not used these cards only a few years and a very limited scope of sales and purchase and payment of financial dues are still in the traditional way to exchange paper money and the delay in the use of credit cards in Iraq for many The reasons of economic or security or lack of planning in previous decades in the field of encouraging banks to issue and deal with them.
A few years ago, some state and private banks started issuing credit cards for use in financial transactions. However, their use is still in a narrow range and in certain areas their use has not expanded and the number of users is still slightly lower than in many other countries. 
The reasons for limited use are due to the lack of awareness among citizens of the importance and advantages of using them, as well as the traditional way of settling financial transactions, and the lack of acceptance of the spread of technological innovations easily and few outlets dealing with these cards, where the outlets are still very limited, which reflected negatively on many who wish to exist These cards in financial transactions with the banks that deal with them, which calls for the need to address the economic media of this subject and shed light on it adequately.
The expansion of the use of credit cards in Iraq is an important factor in stimulating the various economic sectors by encouraging the electronic payment of funds in the cases of purchase and sale, which opens new outlets for various financial and economic transactions and contributes to increase financial flows between the parties to the economic process and stimulate the exchange of safe and increases the movement of these Exchanges and contributes to the recycling of tight financial savings which are often outside the scope of financial trading, making them useless for the national economy  
.
The expansion of the use of credit cards among citizens in Iraq has many advantages that stimulate economic activity as well as keeping pace with the latest technological developments that have left their effects in all aspects of society, including the economic aspect in which the technological factor is a crucial factor in its development, which requires the competent authorities Encouraging banks to expand the issuance of credit cards in order to increase their use by citizens in their financial transactions also requires the organization of campaigns to raise awareness of the importance of using credit cards in the daily life of citizens and my And to provide the necessary logistical and informational requirements for its use and to provide the legal and economic environment for the safe handling of its use in a manner that maximizes the potential benefits of the Iraqi economy and contributes to its development and performance improvement.
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  • yota691 changed the title to Credit cards and economic revitalization
  • yota691 changed the title to (KI) adopts new products that touch the life of the citizen
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(KI) adopts new products that touch the life of the citizen

17/06/2018

 

 

 

(Independent) .. The company "Key" smart card "the adoption of advanced technologies to increase the services provided to citizens of different segments. 
The company's media advisor, Ghazi Al-Kanani, said that the company's teams are following the reality of making payments internationally and benefiting from them, and working to adopt them locally. 
He added that the improvement of the company's performance comes through advanced services that represent the product of modern systems that have been continuously adopted and help in the modernization of products, which raised the trust between the company and its beneficiary audience. 
Kanani pointed out that the services provided by KI in the development of continuous, and during the coming period will touch the new citizen of products. 
The KI family of smart cards has more than 7 million beneficiaries of different segments, which makes the responsibilities double.

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CBI signs MOU with Yunin B International International

 

July 4, 2018
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 Banks


Economy News Baghdad:

The Central Bank of Iraq (CBE) has signed a Memorandum of Understanding (MoU) with Yunin B International International to contribute to the development of intelligent payment technologies and electronic payment services in Iraq.

The Central Bank of Iraq in a press statement received by “Economy News”, ” the Central Bank of Iraq signed represented by His Excellency the Governor Ali Mohsen Ismail on Wednesday , July 4, 2018 Memorandum of Understanding with the company” Younine BV International World “and to contribute to the development of smart payments and services electronic payment technologies Iraq ” .

Yunin B 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 .

” This memo comes in 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, Easy and smooth money transfer through cards to boost trade between Iraq and China as well as various domestic and international remittance services . “

He added that “the company intends to enhance the collection of payments to buy cards through traders using the latest technology developed by the company over years in mature markets and promising , ” adding that “the support of international companies and organization of work in Iraq will contribute directly to provide the best services and provide effective competition in this the field”.

” This is the third agreement signed by the bank in 2018 with international card companies (MasterCard, VisaCard and Yunin B International) as part of its plans to expand the use of high technology to enhance card business and develop payment systems in accordance with international best practices . “

 

http://economy-news.net/content.php?id=12821

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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 a Memorandum of Understanding (MoU) with Yunin Bi International to contribute to the development of smart payment technologies and electronic payment services in Iraq .

"The Central Bank of Iraq, represented by Governor Mohsen Ismail, signed a memorandum of understanding (MoU) with Yunin Bi International on Wednesday to contribute to the development of smart payment technologies and electronic payment services in Iraq, " the bank's press office said in a statement .

He added that "this agreement came in 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 contribute actively in the implementation of current and future plans for the electronic payment sector as well as the development of this sector and transfer the expertise that this company has to the Iraqi market, Payment and transfer of money smoothly and smoothly by cards to promote trade between Iraq and China in addition to various domestic and international remittance services . "

He added that "the company intends to enhance the collection of payments to buy cards through traders using the latest technology developed by the company over the years in mature markets and promising," stressing that "the support of international companies and organization of their work in Iraq will contribute directly to provide the best services and provide effective competition in this Domain ".

This is the third agreement signed by the bank in 2018 with international card companies MasterCard, Visa Card and UninP International as part of its plans to expand the use of high technology to enhance card business and develop payment systems in accordance with international best practice .

Yunin B 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 .

Follow the obelisk

 

http://almasalah.com/ar/news/142760/المركزي-العراقي-يوقع-مذكرة-تفاهم-مع-شركة-يونين-بي-العالمية

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59 minutes ago, Butifldrm said:

This is the third agreement signed by the bank in 2018 with international card companies MasterCard, Visa Card and UninP

International....big time let’s go cbi!

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

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