As of July 1, 2012 the total number of active payment cards issued by the Processing Center Ltd. Milli Kart amounted to 228,000 units. This is 37,000 or 19% more than recorded at the end of last year.
As reported in the center, the number of POS terminals owned by the company grew by 75% to 5.6 thousand, and the total number of ATMs increased by 7 units to 327.
The number of banks issuing MasterCard payment cards increased from 5 to 6, and the number of those producing local cards increased from 3 to 4. In the first half of this year, production of Visa cards was performed by 8 banks.
Today, Milli Kart provides services to 12 banks. - 15B -
Economics
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Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
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Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
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