The Feasibility of using Automated Teller Machines (ATM) and (POS) Machines in the City of Najaf

Ali Abdulhussein Khaleel Alfadhel

doi:10.51699/ajdes.v37i2.886

Authors

Ali Abdulhussein Khaleel Alfadhel Assistant Professor of Banking & Financial Department, Economic & Administration Collage, University of Kufa

DOI:

https://doi.org/10.51699/ajdes.v37i2.886

Keywords:

financial feasibility, ATM, POS, E-Commerce

Abstract

This study aimed to provide an insight into electronic payment projects and their economic viability in the Iraqi environment. The feasibility results indicated a payback period of approximately five years. The project's short-term debt repayment capability stood at around 62%, which is satisfactory. Regarding project liquidity, it was at 27%, and its ability to utilize available resources was around 181%, exceeding expectations. Project management demonstrated high efficiency in capital utilization, estimated at 4.29 times the required amount. The revenue coverage ratio for operating costs yielded a good result of approximately 107%. The project's profitability in relation to total investments reached around 22%. The key findings highlight a genuine desire among banks and electronic money specialized companies to offer innovative and comprehensive services, aiding in attracting new customers and expanding the reach of electronic cash handling devices such as ATMs and POS terminals. However, according to market research, the proliferation of such devices does not align with population growth and the increasing demand for electronic services.

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