Thursday, March 14, 2024

Petroleum Products Set The Date For Ending Cash Trading, 14 MARCH

 Petroleum Products Set The Date For Ending Cash Trading

Economy News – Baghdad  Today, Wednesday, the Petroleum Products Distribution Company set the date for ending cash trading, while indicating that great progress has been made in the field of electronic payment

The Director General of the Petroleum Products Distribution Company, Hussein Talib, said in an interview with the official media, followed by Al-Iqtisad News, that “the Petroleum Products Distribution Company is one of the first departments that relied on electronic payment in work,” indicating that “there are a group of failures that have been addressed in this regard.” With the Central Bank through licensed portals and companies.”

He pointed out that "among the challenges the operation faced was the problem of transferring funds from the citizen's account to the accounts of the oil products distribution company," stressing that "9 gates entered operation after the problems were addressed."

He added, "The electronic payment process has been launched at filling stations in Baghdad and all governorates," noting that "the company's plan at the end of the first quarter of this year includes ending the cash trading process in most areas of the Petroleum Products Distribution Company."

He continued, "The company has made great strides in the field of electronic payment, as the station agent now prepares products, as well as generator owners and the mobile agent, as well as state department vehicles, via electronic payment cards."

Views 22 03/13/2024 - https://economy-news.net/content.php?id=41439

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