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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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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