Central Bank: We Addressed All The Problems Facing The Electronic Payment System, 17 JAN

 Central Bank: We Addressed All The Problems Facing The Electronic Payment System

  Economical 01/17/2024   Baghdad: Hussein Thaghab  The Central Bank revealed that it is addressing the problems facing the electronic payment system, in coordination with financial institutions, indicating at the same time that  the system is moving towards stability.

The Director General of the Information Technology and Payments Department at the bank, Adnan Asaad, told Al-Sabah:

“The year 2023 witnessed the most important breakthrough in the field of electronic payment, and the

Iraqi government seriously supports the efforts being made in detailing the development of electronic payment,” noting that  “follow-up is continuing from Before parliamentary and governmental bodies to advance the reality of electronic payment.

Asaad expressed his great optimism in the year 2024, as it will be the year of achieving great achievements in the field of electronic payment, stressing that  the crisis that has befallen the country due to the poor use of cards and electronic payment tools has left a negative impact, but

thanks to the measures taken in cooperation with international financial institutions, many issues have been addressed. Of the problems and that  the electronic payment system has tended to stabilize.”

For his part, Member of Parliament Hussein Arab stressed the  necessity of activating the role of the private sector and  making it a basis for the process of economic advancement,

which requires the presence of advanced financial services that rise to global standards, pointing out that the world has come a long way in digital transformation and we must keep pace with the developments that the world is witnessing in this field. the important.

As for the Executive Director of the Association of Private Banks in Iraq, Ali Tariq,  he stressed the continuation of efforts to enhance the culture of electronic payment, which represents a governmental and legislative direction for the next stage.

He pointed out that the Association of Banks and Large Financial Institutions is working to spread the culture of electronic payment  because it realizes the importance of digital transformation and providing quality services to all segments of society, especially since Iraq is a market that requires great efforts due to the large volume of transactions.

As for the Investment Director at the International Smart Card Company, Ahmed Kazem,  he explained the importance of digital transformation and thatit should be coupled with the launch of advanced electronic payment products that maintain money paths with high transparency.

He stressed that  government support for the digital transformation process facilitates many operations and makes services rise to global standards in providing advanced products that suit the growing Iraqi labor market.

The founder of the (Electronic Payment Culture in Iraq) platform, Nabil Al-Najjar, stressed that Iraq cannot move away from the global financial system,

especially since it is an important axis in the global economic arena, which requires us to work to keep pace with the global developments that the world is witnessing in the financial sector, which represents the axis. The most important in the process of economic development.

 He stressed that the country is moving in the right direction in the field of digital transformation, and  the most important thing in this axis is the citizen’s interaction with electronic services, the spread of which is expanding in an acceptable manner.   https://alsabaah.iq/90589-.html