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
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review