AzeriCard processing center in conjunction with MasterCard International, the International Bank of Azerbaijan and World Telecom is a new service " Mobile payment " for cardholders MasterCard.
As stated in the IBA , with the help of this service, cardholders will be able to perform fast and secure payments with additional settings in MobilBank in their mobile phones without using a POS terminal.
The technology of mobile remote payment is being launched in many European markets , and is now finally available in Azerbaijan. Mobile payments join a credit or debit card with every major smartphone platform (Android, iPhone, Blackberry, etc.), turning it into the virtual payment or purchase. The advantages of this solution will provide convenient and safe payment from a mobile device, avoiding the cash payment, the expectations when entering the PIN- code or a possible error. -15D -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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