Frank26: "MONETARY REFORM GIVES 7 FEATURES OF SECURITY & STABILITY FOR THE FINANCIAL STRUCTURE.".............F26
The most important of which is security... Al-Rafidain lists seven advantages of electronic payment
1/1/2024
Today, Monday, Rafidain Bank indicated 7 features of the electronic payment system in Iraq.
The bank stated, in a statement received by Al-Mutala’, that: “Electronic payment consists of
1- Switching from dealing in manual cash to electronic cash.
2- Moving from a cash society to a cashless society and leaving cash payment to electronic card payment.
3- Collecting and collecting funds electronically.
4- Using POS devices in financial and commercial transactions.
5- Proceeding with plans for financial inclusion and digitization in banking transactions.
6- Establishing a culture of bank financial accounts instead of using direct cash.
7- Adopting an electronic card is safer than carrying cash and moving around in markets and other places. LINK