JSC Rabita Bank together with the international payment system MasterCard has started the production of Pay Pass cards, the bank said.
The bank customers through contactless cards MasterCard Debit Contactless can pay for purchases and services. Customers can enter their cards into a POS terminal or approach the card to the payment device in a contactless way.
However, according to the rules of the Central Bank of Azerbaijan, the maximum payment limit for contactless system is set in the amount of 20 manats. This type of payment is intended for fast-food, restaurants and shops. ----71D
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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