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Evolution of payments

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1 Evolution of payments on Mon Sep 03, 2018 4:31 am

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Evolution of payments

03/9/2018 12:00 am
Hussein Thagb


The countries of the world adopt paths of action leading to achieving the highest degree of economic feasibility, thus investing in several elements available to achieve the objectives of the great benefit to the national economy.

The foundation stone for launching a new phase is the availability of the necessary funding, which is the most important elements of maintaining the levels of sustainable development, where high flow is achieved in the paths of delivering funds to the implementation joints in various projects with high transparency and without any defect that may confuse the reality of performance.

Here comes the role of payments and approved systems that ensure safety in the process of securing money in its session, which is implemented internally and externally to feed the joints of work, especially that the mechanisms of implementation require the transfer of funds outside the completion of development projects.

In Iraq there is a change in the form of financial transactions has become a reality, and we have seen a significant development in this vital chapter, and adopted sophisticated systems, including what has not been applied in the countries of the region, and this is calculated for the sector that regulates the reality of payments in the country and the Central Bank, In detailed payments and tracked internationally.

This development in payments by a specialized international organizations, where the successes in the reality of payments in Iraq, and the various segments of society interact with developments in the field of payments, and accept the idea of receipt of salaries and the performance of financial movements electronically after they prefer criticism.

The declared objectives of the concerned parties to move towards full electronic transactions gradually through special security cards to ensure easy handling and security of the money of citizens, especially in Iraq, more than 7 million citizens with a different electronic card names MasterCard and Key Card and other names are traded in our local markets.

There are many demands from the public, especially the reduction in the cost of performance of financial movements when using electronic payment services, as well as the introduction of new products starting from any product, whether a loan or an advance, must be based on the guarantee of the salary of the cardholder, Simple to the demands of beneficiaries, especially since the products in the globe are many and prefer to start where the world ended.

And when we have sophisticated systems that advance payment mechanisms supported by efficient human resources, the paths of development can not stand at a certain point in our country, which awaits a great economic future to provide all the elements of success and development.

Successes are continuing in the field of payments and public demands are increasing.

Here, the public and private sectors, which are specialized in this matter, are required to bring new products that support the economy of the country and the family with sophisticated products that meet the aspirations of the beneficiary groups to complete financial operations.

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