Monday, February 12, 2024

We have adopted electronic payment and will list its companies in the trading market – Securities Commission, 13. FEB

We have adopted electronic payment and will list its companies in the trading market – Securities Commission

Baghdad – 964

The Securities Commission announced on Monday that the acceptance of cash payments is through electronic payment methods only, while revealing a trend to list electronic payment companies on the stock market.

The head of the authority, Faisal Al-Hims, said in a statement to the official agency, followed by the 964 network, that “the authority represents regulatory bodies on the Iraq Stock Exchange, and since the beginning of the Prime Minister’s directive, by taking steps to automate electronic payment and the ongoing operations in the market in general, the authority has been forming a working team to support this file.”

Al-Hims added, “The Authority has currently stopped accepting cash payments except through electronic payment methods as revenues in the Securities Commission.”

He pointed out that “the market is currently destined to use this mechanism through intermediaries operating in the Iraq Stock Exchange,” noting that “electronic payment companies are not traded in the Iraq Stock Exchange, but there are companies in various other sectors, including banks, that are present in trading in the Iraq market.”

He stressed that “there is a trend to list electronic payment companies on the Iraq Stock Exchange during the current year.”

https://964media.com/311535/


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