JSC Rabita Bank Starts Production of Pay Pass Cards
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 Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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