Electronic money .. An effective means for the development of the banking sector .. And enhance the confidence of investors

08/08/2012 0:00

After widespread use of smart cards in Iraq

BAGHDAD - Haidar al-Rubaie Filaih

The question of the use of electronic money and one of the manifestations of technological progress and of civilization in various parts of the earth, so as it contains practical means of protection and advanced scientific can protect their users from various aspects of fraud and extortion, and helps greatly in reducing or eliminating corruption cases, as aware of all that the most prominent methods that can help the spread of bribery and financial corruption is the size of direct contact between citizens and state employees, especially the service departments where size is wider than the daily reviews.

And reliable economists frequently on the importance of the shift in the use of paper money and the payment of direct financial transactions in the daily use of credit cards, or so-called newly-B (electronic money), and finds specialists that use this type of technology sponsor also guarding against the risks of carrying large sums of money, and turn them into cards can be used in many areas of daily life, as well as being a safe way to use the cash without full use of fraud, but the economic researcher raised Hassan believes that the automation of banks and the shift to the use of electronic money will guarantee to add more convictions of many businessmen and foreign investors who said they are looking for the most prominent in the home of their investment climate is the presence of a bank safe and sophisticated.

According to Hassan necessity that Iraq is seeking to develop the banking system in which the form believe in the use of the best means of advanced technology, calling to benefit from some experiments which confirmed its success despite the short life as an experiment the card (so) smart use at the moment for the distribution of the salaries of retirees and covered by a network of social protection , said the researcher that the success of the experience of the smart card is the result of the use of scientifically sophisticated,as well as that the most prominent reasons for the success of return to the inventory of extortion, which was retired they are exposed during the distribution of cash by hand, and to reduce the problem of similarity of names, and the reduction of recurrence of the beneficiaries of the cash distributed between Almottagain and covered by social protection that have been discovered thanks to a practical and sophisticated Tknlogi depends on the fingerprinting of hands, a system is not penetrating Awaltlaab.

Did not keep away economic researcher Ali Hilfi a lot about the previous opinion when he pointed out that the use of smart cards in the banks allowed to employees in this vital sector is important that the exercise works the other no less important than granting retirees paid after that was assigned the task of distributing those salaries iPods distribution mechanism and without the intervention of states by those working in banks.

He called Hilfi the Iraqi government to expand the use of the smart card to include all government institutions, indicating that the distribution of salaries Government job by the smart card is made administratively whatever can contribute to the achievement gains of management is to eliminate red tape and reduce the momentum for office computing in government departments times the distribution of salaries as well as to make way for workers in those offices to spend other works after giving up distribution operations manual.

And proceeded to Iraq for more than three years using the smart card for the first time in the distribution of pensions, and after the success of it circulated the experiment to include the social protection network, has expanded the distribution to be outside the frameworks of government banks in order to reduce the size of the revisions daily and be emptied of employees in these banks to manage the business other no less important than the distribution of salaries of retirees and covered by a network of protection, which was assigned the task of granting the salaries of holders of smart cards with a large number of Chierfat own recognized by the Central Bank, as well as for a group of private banks.

That is a step according to director of public relations in the company's global smart card Alaa Abdul-Hussein of extreme importance in the expansion of the scope of work, and in the delivery of the card services to cardholders in their home areas, pointing out that the company plans to deal with a number of other private banks and the granting of ATMs to another group of Chierfat in order to meet the needs of retirees and covered by a network of social protection.

said Abdul Hussein: that many Iraqi banks started trying to develop its system of Finance through the upgrading of the policy of electronic payment of funds, adding that the company contracted virtually since the beginning of the year 2012, with a large number of private banks own that will work in accordance with that contract payment of dues to beneficiaries of the Rafidain and Rasheed of card holders (so) Smart, pointing out that among those private banks that had been contracted with the Bank of the economy and its branches, Mosul Bank and its branches, Bank of Sumer and its branches, Bank of Elaph and its branches, Bank of the country's Islamic and its branches, Bank of cooperation and its branches, the North Bank and its branches.

Abdul-Hussein and the effort the company to expand its cooperation with the private banks in order to experience a wider circulation as possible and covered in order to cover the most comprehensive of the various provinces of the country, pointing near the contract with another group of private banks, which seeks to introduce a system of electronic payment have.



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