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Economic experts: Cabinet decision to activate electronic payment system is important

Damascus (ST): The decision taken recently to activate the electronic payment system by the cabinet is considered an important step, especially with regard to paying the prices of purchased estates and cars.

Deputy Governor of Syrian Central Bank Dr. Mohammad Ibrahim Hamra said that one of the most important objectives of such decision aims at spreading banking awareness among citizens and creating the appropriate atmosphere for electronic system, noting that the e payment has become an urgent need.


Director of legislation at the Real Estates General Directorate Issam Qouli said that the decision encourages citizens to open banking accounts, noting that they do not pay any fees as a result of this process.

Director General of the Real Estate Bank Madyen Ali said that the decision contributes to energizing the economic movement and the process of buying and selling, expressing the readiness of the bank to open accounts for citizens in a simplified way.

He pointed out that the decision has no relationship with tax payment.