A local international partnership to develop electronic payment

by **claud39** Wed Jun 30, 2021 1:13 pm

[size=36][rtl]A local international partnership to develop electronic payment[/rtl][/size]

Wednesday 30 June 2021

A local international partnership to develop electronic payment Alsabaah-83322

Baghdad: Hussein Thaghb

In Baghdad, I announced a local international partnership that aims to develop the reality of electronic payment in Iraq, and to shift from a cash society in transactions to an electronic one that is characterized by safety and speed in all transactions, benefiting from global experiences in this field.

The new partnership that brought together the international company PayTabs and local funds is looking to give a new impetus forward in the field of electronic payment in Iraq in light of the expansion of use of carrier phones and the large number of users.

Regulatory legislation

The expert in the field of electronic payment, Hayan Khaduj, said: {E-commerce in Iraq needs legislation regulating its work mechanisms, especially since it can now be described as random}.

He pointed out that {the Iraqi market is important and large, and it must have the required regulation by everyone in the public and private sectors, at a time when we find global interest in the subject of electronic experiments rising at great rates in various parts of the world}.

Specialized platforms

The specialist in the matter of electronic payment, Muhammad Walid, stressed that {the Iraqi market must advance the reality of electronic payment through specialized platforms that provide advanced services that suit the public's preferences}.

As for PayTabs founder Abdul Aziz Al-Jaf, he said: {Iraq is one of the largest countries that will adopt electronic payment, as this market requires many and varied products that are commensurate with its size, as it provides flexibility for entrepreneurs and companies.}

health condition

The electronic payment specialist, Ahmed Al-Qarmli, indicated that {the health situation that the world experienced due to the spread of the Corona epidemic hastened the expansion of the reality of electronic payment, especially in Iraq, as the scope of electronic transactions expanded and this boosted the density within the local market.

In turn, Ziyad Al-Hasani, director of an electronic payment platform, said: {Iraq is a young man in the field of electronic transactions, but it can be described as virgin, which encouraged the creation of new platforms specialized in this field, and here we can say: This large and promising market needs more regulation.”

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