Lack of Coordination Hinders Electronic Payment Process

Mohamed Abdalla-Shadia Basheri

Khartoum – The impact of the electronic payment on solving liquidity crisis has been reviewed on Monday, amid presence of journalists from different media houses.
The director of the electronic banking services company, Omer Hassan Al-Omerabi, presented a symposium on the electronic payment and its tools and role in boosting the economic situation in the country; he explained the conception of the electronic payment, and the challenges that face Sudan in this regard.
He attributed the challenges to the lack of coordination among the financial institutions and judiciary bodies. Also he pointed out to the culture of people who neglect the importance of electronic payment, saying that only 7% of Sudanese people don’t have bank account.
The director said that in Khartoum state there is 22 electronic payment points, but 30% of them don’t work, while the electronic payment services covered only 10% of Sudan.
The electronic payment process has been operating in Sudan since 1999, in the same context, he figured out the advantages of the electronic payment.
“It doesn’t cost money to establish points” said the director who revealed more than 1.2 billion SDGs has been earned during the first quarter of the fiscal year 2019.
He concluded that 186 companies were applied to provide electronic payment service.
The importance of electronic payment appeared since the liquidity crisis occurred, the government encourage the electronic payment to reduce the risks of liquidity scarcity.

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