In implementation of Resolution (43) of 2024, regarding payments related to commercial transactions of commercial establishments, the Industry and Commerce Ministry announced that the first phase of the resolution goes into effect from tomorrow, and it includes new commercial establishments.
The decision obliges all commercial establishments wishing to issue new commercial records to open a unified business bank account under the name of the establishment to conduct all financial transactions, while providing e-payment services through BenefitPay, point of sale (POS) devices, or e-portals .
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