Azerbaijan Uses Secure Card Program
The International Bank of Azerbaijan jointly with the Visa international payment system has started to use the program Secure Card in the framework of the Visa Zero Liability project. The program protects consumers from unauthorized transactions.
"With the principle of Visa Zero Liability in Azerbaijan, consumers will be able to make purchases almost anywhere and still feel protected against fraud," said Visa Country Manager in Azerbaijan, Moldova and Belarus, Igor Kovalev.
In its comments IBA indicates that customers using this program do not bear any responsibility for the operation, which they did not confirm.
If the fact that the client did not conduct any kind of operation is confirmed, the bank returns the loss to him. -----71D
Economics
-
As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
-
Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
-
As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
-
Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
Leave a review