ISC: accepting cash payments exclusively through electronic payment methods

Baghdad - INA 

The Iraqi Securities Commission - ISC  announced, on Monday ,that cash payments are accepted via electronic payment methods, while revealing a trend to list electronic payment companies on the stock market.

The commission’s chairman , Faisal Al-Haimus , in a statement to the Iraqi News Agency (INA ) said that "the commission represents regulators on the Iraqi securities market, and since the beginning of the Prime Minister's directive to take steps to automate electronic payment and ongoing operations in the market as a whole, the commission has been composing a working group to support this file”.

Al-Haimus added " the commission has currently stopped accepting cash payments except through electronic payment methods as revenues at the Securities Commission".

He pointed out that" the market is currently heading to use this mechanism through intermediaries working in the Iraqi securities market ", noting that "electronic payment companies are not traded in the Iraqi securities market, but there are companies in various other sectors, including banks are in Iraqi market circulation ”.

He stressed that "there is a trend to list electronic payment companies on the Iraqi Stock Exchange during the current year".