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


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



financial feasibility, ATM, POS, E-Commerce


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.


J. Li, “Market participation and subjective well-being of maize farmers,” Econ Anal Policy, vol. 80, pp. 941–960, 2023, doi: 10.1016/j.eap.2023.09.037.

E. O. Onah, “Effect of financial technology on cash holding in Nigeria,” African Journal of Economic and Management Studies, vol. 12, no. 2, pp. 228–249, 2020, doi: 10.1108/AJEMS-04-2020-0190.

V. Skvarciany, “Determinants of bank profitability: Empirical research on Lithuanian market,” International Journal of Economic Policy in Emerging Economies, vol. 12, no. 5, pp. 443–452, 2019, doi: 10.1504/IJEPEE.2019.104637.

F. Taghizadeh-Hesary, “Green finance and the economic feasibility of hydrogen projects,” Int J Hydrogen Energy, vol. 47, no. 58, pp. 24511–24522, 2022, doi: 10.1016/j.ijhydene.2022.01.111.

B. C. a. Lin, “MMT or Public Enterprises? A Contribution to Economic Sustainability,” J Econ Issues, vol. 56, no. 2, pp. 455–462, 2022, doi: 10.1080/00213624.2022.2061792.

N. Doytch, “Do institutions impact differently inward greenfield FDI and cross-border M&A sales? A study of five institutional quality indicators in developed and developing countries,” Journal of Financial Economic Policy, vol. 15, no. 6, pp. 501–529, 2023, doi: 10.1108/JFEP-06-2023-0161.

J. J. Hunhevicz, “Digital building twins and blockchain for performance-based (smart) contracts,” Autom Constr, vol. 133, 2022, doi: 10.1016/j.autcon.2021.103981.

R. Zhang, “ELECTRE II method based on the cosine similarity to evaluate the performance of financial logistics enterprises under double hierarchy hesitant fuzzy linguistic environment,” Fuzzy Optimization and Decision Making, vol. 22, no. 1, pp. 23–49, 2023, doi: 10.1007/s10700-022-09382-3.

N. F. A. Rahim, “Fintech and Commercial Banks Development in Malaysia: Continuous Intention to Use Fintech Services in IR 4.0 Environment,” Modeling Economic Growth in Contemporary Malaysia, pp. 235–253, 2021, doi: 10.1108/978-1-80043-806-420211018.

X. Yuan, “Sustainability-inspired upcycling of waste polyethylene terephthalate plastic into porous carbon for CO2capture,” Green Chemistry, vol. 24, no. 4, pp. 1494–1504, 2022, doi: 10.1039/d1gc03600a.

A. K. Bello, “Epidemiology of peritoneal dialysis outcomes,” Nat Rev Nephrol, vol. 18, no. 12, pp. 779–793, 2022, doi: 10.1038/s41581-022-00623-7.

N. Hao, “The impact of online grocery shopping on stockpile behavior in Covid-19,” China Agricultural Economic Review, vol. 12, no. 3, pp. 459–470, 2020, doi: 10.1108/CAER-04-2020-0064.

D. Thilmany, “Local Food Supply Chain Dynamics and Resilience during COVID-19,” Appl Econ Perspect Policy, vol. 43, no. 1, pp. 86–104, 2021, doi: 10.1002/aepp.13121.

S. Mohapatra, “Approaches of 3D printing in current drug delivery,” Sensors International, vol. 3, 2022, doi: 10.1016/j.sintl.2021.100146.

S. H. Krishna, “Ethically Governed Artificial Intelligence Based Innovative Business Research in Finance and Marketing System,” Proceedings of 8th IEEE International Conference on Science, Technology, Engineering and Mathematics, ICONSTEM 2023, 2023, doi: 10.1109/ICONSTEM56934.2023.10142352.

J. Qi, “The formation of Taobao villages in China,” China Economic Review, vol. 53, pp. 106–127, 2019, doi: 10.1016/j.chieco.2018.08.010.

D. Lestari, “Measuring e-commerce adoption behaviour among gen-Z in Jakarta, Indonesia,” Econ Anal Policy, vol. 64, pp. 103–115, 2019, doi: 10.1016/j.eap.2019.08.004.

G. G. Akin, “CONSUMER PREFERENCES and REGULATIONS in CREDIT CARD MARKETS: EVIDENCE from TURKEY,” Singapore Economic Review, vol. 67, no. 2, pp. 849–875, 2022, doi: 10.1142/S0217590821500764.

M. Soleimani, “The effect of internal branding on organisational financial performance and brand loyalty: mediating role of psychological empowerment,” Journal of Asian Business and Economic Studies, vol. 30, no. 2, pp. 143–163, 2023, doi: 10.1108/JABES-08-2021-0122.

L. Iacovone, “Improving Management with Individual and Group-Based Consulting: Results from a Randomized Experiment in Colombia,” Review of Economic Studies, vol. 89, no. 1, pp. 346–371, 2022, doi: 10.1093/restud/rdab005.

M. Fioretti, “Dynamic Regret Avoidance,” Am Econ J Microecon, vol. 14, no. 1, pp. 70–93, 2022, doi: 10.1257/mic.20180260.

J. Plogmann, “Farmland sales under returns and price uncertainty,” Econ Model, vol. 117, 2022, doi: 10.1016/j.econmod.2022.106044.

H. Xue, “How does platform certification affect the marketing performance of sellers in food e-commerce? Interaction with reputation mechanisms,” China Agricultural Economic Review, vol. 15, no. 4, pp. 758–776, 2023, doi: 10.1108/CAER-07-2022-0146.

A. Galati, “A feasibility analysis on adopting electric vehicles in the short food supply chain based on GHG emissions and economic costs estimations,” Sustain Prod Consum, vol. 36, pp. 49–61, 2023, doi: 10.1016/j.spc.2023.01.001.

M. Al-Ajlouni, “Feasibility study and project evaluation,” Dar Al-Yazouri for Printing and Publishing, 2019.

B. S. Al-Khatib, “The role of electronic banking in achieving competitive advantage,” [Unpublished doctoral dissertation, University of Damascus, Syria], 2014.

A. A. H. Al-Fadhil, “E-commerce,” Dar Al-Salam Legal Publishing, 2024.

H. Al-Shibli, “The role of electronic financial services in achieving competitive advantage in Jordanian commercial banks,” Arab Journal of Studies, 2013.

D. Mustafa Youssef, “Economics of e-business,” Dar Al-Hamid for Publishing and Distribution, 2016.

S. A. A. Tirab, “The quality of electronic banking services and its impact on competitive advantage,” [Unpublished master's thesis, Sudan University of Science and Technology], 2015.




How to Cite

Alfadhel, A. A. K. (2024). The Feasibility of using Automated Teller Machines (ATM) and (POS) Machines in the City of Najaf. Academic Journal of Digital Economics and Stability, 37(2), 8–20.