THE MINISTER OF FINANCE, TAIF SAMI, DIRECTED ALL THE MINISTRY’S BANKS TO PROVIDE THE NECESSARY FACILITIES FOR APPROVING POS ELECTRONIC SALES DEVICES IN STATE INSTITUTIONS AND THE PRIVATE SECTOR.
A STATEMENT BY THE MINISTRY SAID: “IN LINE WITH THE GOVERNMENT’S APPROACH AND THE DIRECTIVES OF THE PRIME MINISTER, URGING MINISTRIES TO APPROVE POS DEVICES, THE MINISTER OF FINANCE, TAIF SAMI MUHAMMAD, DIRECTED ALL THE MINISTRY’S BANKS TO PROVIDE ALL THE NECESSARY FACILITIES TO APPROVES POS ELECTRONIC SALES DEVICES IN STATE INSTITUTIONS AND THE PRIVATE SECTOR, FREE OF CHARGE AND AT ZERO PERCENT INTEREST FOR A PERIOD OF 6 MONTHS, IN ADDITION TO PROVIDING TECHNICAL AND LOGISTICAL SUPPORT AND VARIOUS SOFTWARE SUPPORTING THE PROJECT, AS WELL AS TRAINING STAFF WORKING IN THIS FIELD.
THE STATEMENT ADDED, “THE FACILITATION PACKAGE COMES WITHIN THE FRAMEWORK OF THE MINISTRY OF FINANCE’S VISION TO ACQUIRE POS ELECTRONIC PAYMENT DEVICES INSTEAD OF CASH, AND TO GENERALIZE THE EXPERIENCE TO INCLUDE VARIOUS ECONOMIC SECTORS AT THE LEVEL OF IRAQ AS A WHOLE, WHICH IS HOPED TO START FROM JUNE 1, 2023.
THE STATEMENT EXPLAINED: “THE ELECTRONIC POINTS OF SALE ARE DEVICES DEDICATED TO ACCEPTING ELECTRONIC PAYMENT TRANSACTIONS, WHICH ALLOW MERCHANTS, SHOP OWNERS AND PROJECTS TO ACCEPT PAYMENTS FROM THEIR CUSTOMERS WHO HOLD ELECTRONIC PAYMENT TOOLS, IN RETURN FOR THE GOODS OR SERVICES PROVIDED BY THE MERCHANT, AS AN ALTERNATIVE TO CASH PAYMENT
SOURCE: NATIONAL IRAQI NEWS AGENCY