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Finance: Digital transformation has accelerated the completion of transactions and reduced the need for cash transactions
economy 24-12-2024, 11:51
Baghdad - IA - Wissam Al-Mulla
Today, Tuesday, the Ministry of Finance announced that
it has made great strides in digital transformation and electronic payment, while
indicating progress in the field of automating customs procedures to ensure financial sustainability and diversification of the economy.
The representative of the Minister of Finance/Undersecretary of the Ministry, Rebaz Muhammad Hamdan, said in her speech during the fourth annual international scientific conference, entitled (Digital Financial Services - Challenges of Reality and Foreseeing the Future) and attended by the correspondent of the Iraqi News Agency (INA), that
“our conference today comes within the government’s efforts to implement... The government program, as digital financial services have witnessed rapid development in recent years, and modern technology has contributed to accelerating the financial process.” He added,
"The Ministry has made great strides in digital transformation, including financial transfers, electronic payments, online loans, and mobile banking services, which has increased the efficiency of accelerating financial transactions, reducing the need for cash transactions, and providing services to people who cannot access traditional banking services," noting that
“Innovation and development in this field were enhanced, ways of cooperation were discussed between relevant authorities in the field of financial technology, and
the most prominent solutions related to cybersecurity and future risks in this sector were reviewed and how to take precautions for those risks.” He continued,
"The Ministry has advanced in the field of automating customs procedures to ensure financial sustainability and the diversification of the economy in accordance with the principles of integrity, transparency and anti-corruption, and has implemented programs in the Financial and Accounting Training Center to train employees on the use of new digital systems with the aim of enhancing digital skills in the Ministry, improving financial performance and enhancing confidence in the financial system."".
https://www.ina.iq/224332--.html
