أثر وسائل الدفع الالكترونية على بعض متغيرات الاقتصاد الكلي – تجارب دول مختارة مع الاشارة للعراق

Rp-The impact of electronic payment methods on some macroeconomic variables - experiences of selected countries with reference to Iraq.pdf

The study deals with the impact between electronic payment methods and some macroeconomic variables in the sample countries (Saudi Arabia, Bahrain and Iraq). The fact that the bearer achieves ease and ease of use, which leads to increased sales, but it relieved the investor of the burden of following up on debts, and this falls on the bank, and all these advantages lead to increased investment, since electronic payment methods are the process of transferring funds from one account to another within commercial banks. This leads to Increasing credit (loans), which leads to an increase in small projects that depend on bank loans, as was observed in Saudi Arabia and Bahrain, and the trend towards them in Iraq, although it is slow, but we notice a wide demand for these means.
The importance of the research is based on the fact that electronic payment methods have become of great importance and an urgent necessity to keep pace with the development of settlement processes, especially after the transition to electronic exchange processes in light of the financial and economic openness witnessed by the global economy, as well as the information and technology revolution taking place in the global economy.
Therefore, the importance of electronic payment methods has emerged to provide The requirements of the new economic situation in order to facilitate all transactions, both at the local and international levels, and the research problem is about the following question (Does the development of electronic payment methods lead to an increase in economic growth as well as consumption and investment in each of (Saudi Arabia, Bahrain and Iraq)).
The research reached a number of conclusions, the most important of which is that Iraq did not witness clear effects in electronic payment methods on some of the macroeconomic variables in Iraq for reasons related to the nature of the Iraqi economy and the banking habits and culture of society as well as the novelty of the experience for users of electronic payment methods. Therefore, most of the results of the standard analysis were not significant. Or illogical from an economic point of view, for reasons related to Iraq’s dependence on the oil resource as a main source of economic growth.
While he presented a number of recommendations, the most important of which is that the monetary authority represented by the Central Bank should work to encourage private and governmental banks to increase the number of ATMs, in addition to holding media meetings and educational seminars in order to educate the population to increase their use of electronic payment methods.