Article: “Electronic payment reduces the risk of hoarding money”
I think this is a good idea, it would be a great idea if Iraq had the infrastructure to support an electronic payment system.
Let’s face it, these guys don’t even have electricity 24 hours a day to facilitate these kinds of transactions, let alone the POS system to make it happen.
I’m not saying it’s impossible to do this in the ME, Kuwait, Jordan and Israel all have comprehensive POS systems in place and used regularly, it’s not that way in Iraq, at least not yet.
In the end, I see the citizens going to the banks and withdrawing their salaries from the smart cards and converting it into cash and going about their business.
I hope I’m wrong.
