Thread: Iraq/Dinar News. 09/05 to 01/14/07

Sounds like the Iraqi version of Paypal or Mycheckfree.com perhaps.

Yep...I think your onto something CP Boredom comes in handy sometimes eh? That could very well be the device they use for the 10K hand-out (if/when they ever get it! ) Didn't SGS mention something awhile back about some kind of debit card through Warka that they would use for the 10K gift? You probably need her expertise here I imagine. But I do believe she stated something along those lines.

Cheers!
DayDream

In regards to the EJABY that Warka is now using...I did a little searching and found it is used widely in Jordan. Below is the Jordanian press release.....Looks like electronically they are up and running.

Jordan Commercial Bank Signs Deal With PaymentCentric to launch "eJABY" bill payment service
Released by: [email protected]
2005-11-02 05:24:04

Summary:
Jordan Commercial Bank Signs Deal With PaymentCentric to launch "eJABY" bill payment service



For_Immediate_Release:
Amman, Jordan (November 2005) – Jordan Commercial Bank (JCBank) recently signed an agreement with PaymentCentric Co. to deploy the innovative "eJABY" service that will allow users to make monthly bill payments electronically at any JCBank branch or through its various electronic channels.

PaymentCentric is the first of its kind in Jordan and has successfully introduced its "eJABY" bill payment service which is an integrated electronic bill payment service that allows the public to pay most of their recurring bills in real time at over 550 certified eJaby payment depots spread throughout the kingdom.

All JCBank customers can now pay their bills at any eJABY payment depot. The customer receives a unique reference number printed on the receipt provided from the bill issuer as a confirmation of each bill paid. By using the eJABY system to pay bills, JCBank customers can now settle their accounts with greater efficiency and reliability at a reduced cost.

Dr. Mohamed S. Asadi, Assistant General Manager, Retail Banking & Technology at Jordan Commercial Bank stated, "The agreement between JCBank and PaymentCentric is a significant breakthrough in supporting JCBank's goal of offering its customers an increasing range of the highest quality services. eJABY is a distinctive service that enables JCBank's customers to pay their monthly bills efficiently and cost-effectively."

Dr. Asadi added, "The agreement between JCBank and PaymentCentric represents a result of a close working relationship between our two organizations that aimed at providing this innovative payment service to our customers."

Mr. Samir Mubarak, General Manager of PaymentCentric, added that, "The agreement with JCBank contributes to the company's earlier achievements and enhances its support for the banking sector in Jordan. We are very proud of this collaboration with JCBank. Today PaymentCentric offers its eJABY bill payment service through an extensive network of more than 550 payment depots available throughout the Kingdom via nine local banks and several money exchangers.”

JCBank operates through an integrated network of branches, ATMs, and a number of banking solutions. eJABY is a robust service which has enabled JCbank to significantly reduce processing cost of bill payments, and converts this process from one that is slow and non-profitable to one that is speedy and profitable. In addition, PaymentCentric’s eJABY service has helped enhance JCbank’s competitive edge through the offering of electronic and state-of-the-art added value services to its customers and end-users.

Well the features of the card would sure be an incentive for the iraqi people to stop using cash...which is the desired effect the government is after.

Cheers!
DayDream

Originally Posted by DayDream

Well the features of the card would sure be an incentive for the iraqi people to stop using cash...which is the desired effect the government is after.

Cheers!
DayDream

Okay...check this out. I did a search on ESAL which is the other link on Warka but it is under construction. Look what comes up under google....BINGO!!!!!

Within a year eSal has grown to become the largest distributor of e-vouchers in ... Lebanon, UAE, and Syria, with corporate presence in Iraq and Croatia. ...

So....could Iraqi's at some point use EJABY to pay their bills electronically from funds supplied through their ESAL account which is the distribution account.

The ESAL account could have multiple functions..such as distribution of funds to retirees (as we know that bill has passed) also maybe used to distribute welfare funds as we have seen they have approved a welfare bill. Sounds like this ESAL account could be what the government is going to use to keep accurate account and distribution of funds to individuals and ...... get away from the cash-based society they primarily are.....

Originally Posted by CharmedPiper

So....could Iraqi's at some point use EJABY to pay their bills electronically from funds supplied through their ESAL account which is the distribution account.

The EJABY seems to be like our online bill pay, so you could have something here

Originally Posted by CharmedPiper

So....could Iraqi's at some point use EJABY to pay their bills electronically from funds supplied through their ESAL account which is the distribution account.

Wonder what percentage of Iraqis have computers in their homes, otherwise they would have to go to the bank to do it I would assume. Correct?

Originally Posted by lewscrew

Wonder what percentage of Iraqis have computers in their homes, otherwise they would have to go to the bank to do it I would assume. Correct?

It sure would be one way to get Iraqi's to open a bank account.