Tuesday, September 17, 2024

Oil Products: A move to generalize payment by electronic card in all governorates, 17 SEPT

 Economy News – Baghdad

The Oil Products Distribution Company confirmed, on Monday, that electronic payment constitutes 65% of the company’s revenues, indicating the intention to generalize it in all governorates.

The Director General of the Oil Products Distribution Company, Hussein Talib, said in a statement reported by the official news agency, and reviewed by “Al-Eqtisad News”, that “electronic payment is one of the pillars of the government program, and the Oil Products Distribution Company played a role in it by using it to fill fuel and purchase its products by citizens.”

He added, “Work is continuing to enhance the electronic payment file by adding full automation to the distribution sector.”

He continued, “The Oil Products Distribution Company is the first government company to initiate electronic payment, as it began the trial operation of electronic payment in 2023, and once it was completed, it was launched in all governorates.”

He revealed that “electronic payment revenues for last August amounted to 615 billion dinars out of a trillion of total sales, and with these figures, electronic payment constitutes 65% of the revenues of the Oil Products Distribution Company.”

He pointed out that “electronic payment for fuel purchases has been implemented in Baghdad and we are moving towards generalizing it in the rest of the governorates, starting with Nineveh, and we are determined by the end of this year to complete our drawn-up plans by equipping all fuel filling stations with electronic payment devices and ending cash transactions.”



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