The AzeriCard processing center in conjunction with the International Bank of Azerbaijan, MasterCard international payment system and sales network World Telecom is a new service for MasterCard cardholders IBA Mobile Payment.
As reported in the center, this service allows cardholders to carry out fast and secure payments using one of the menu items MobilBank service on their mobile devices without using a physical card on the POS terminal.
The technology of remote mobile payments is being implemented in many European markets. Mobile payments based services MobilBank allow the use of debit and credit cards on a mobile device (Android, iPhone, Blackberry, etc.), making it a virtual payment instrument.
The main advantages of this service should note the high security and convenience, there is no need to have any cash, enter the PIN code when you pay and sign checks. This service facilitates the daily life, as the card holder receives an additional access to the use of their cards in even more business enterprises through a service MobilBank. - 15D -
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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