Electronic Payment Cards as a way to pay taxes in Algeria

Abstract

Individuals face numerous financial obligations, including online purchases, various debts, and taxes. To address these efficiently, we advocate for adopting the electronic payment method. This approach facilitates handling transactions in an easy, and safe manner, eliminating the need for physical movement and saving valuable time otherwise lost in lengthy and cumbersome procedures of limited benefit. Electronic payment cards are the primary tools enabling this method. These cards come in different types: First, Chip-Enabled Cards: Contain an embedded electronic chip storing essential information such as the cardholder's name, account details, and available funds. This chip offers enhanced security and functionality. Second, Magnetic Stripe Cards: Feature a magnetic strip holding similar core information (cardholder name, account details). These cards are read using TPE (Point of Sale Terminals) or Automatic Distributors (ATMs). These payment tools, particularly when used for online purchases or accessing Automatic Distributors (ATMs), significantly streamline settling debts and managing finances. In Algeria, electronic payment cards are issued and secured by entities such as Algeria Post or various banks, which also manage card security and location tracking.