JSC PASHA Bank" first in Azerbaijan introduces reception technology (acquiring) and release (issuing) contactless cards from two leading payment systems - Visa and MasterCard.
As stated in the bank, contactless technologies offer the possibility of using mobile (smartphone-based) payments in all areas of retail. The technology allows to make purchases quickly , easily and securely.
To pay enough to make the card to the terminal at the checkout for a few seconds and wait for confirmation of payment. Technology is widespread in the U.S. and Europe.
This innovation will increase the number of transactions in the POS-terminals, thereby increasing cashless transactions in trade and service enterprises. -15D -
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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