Developing {Electronic Payment} In Iraq
First 2025/02/26 Baghdad: Hoda Al –Azzawi The country has recently witnessed a remarkable expansion in the use of electronic payment systems, whether in the private sectors such as companies, shops, markets, or in government institutions and departments.
This trend is part of the digital transformation strategy, which the
government seeks to achieve extensive financial and administrative reforms. In an interview with "Al -Sabah", a government advisor, a member of a specialized team, explained that
electronic payment carries many advantages, most notably the
limit of corruption,
reduce financial waste, and
narrowing the gap in the lost tax amounts. The system also contributes to
accelerating the completion of transactions for individuals,
replacing the long queues in government departments with
smooth and rapid payment operations.
Dr. Mohamed Esmat Al -Bayati, a member of the advisory team for digital transformation in the General Secretariat of the Council of Ministers
, stressed that
electronic payment is the cornerstone of the financial renaissance of Iraq. He added that
this system provides wider financial comprehensiveness,
which contributes to integrating large segments of society within the official banking system, and
thus reducing the size of the parallel economy and enhancing the stability of national criticism.
https://alsabaah.iq/110806-.html