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Mobile Division: Merchant payment delays deepen losses
The Mobile Division confirmed that the delay by consumer financing companies in paying traders’ dues, despite collecting customer installments, worsens sector losses and affects liquidity and capital. It also explained that the rise in device prices due to increased production and shipping costs limits purchasing power and postpones buying decisions. The division called for engaging with relevant authorities to establish mechanisms to ensure faster payments. It emphasized that the mobile phone has become an essential commodity for citizens due to digital transformation, urging for its reclassification from a luxury item and supporting local manufacturing to maintain market stability.
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