Taleh Kazimov: Banks not be able to promote cashless payments without fees and commissions

15:51 - 5.06.2023


June 5, Fineko/abc.az. The Milli Majlis has discussed high interest rates of bank transactions

ABC.AZ reports that CBA chairman Taleh Kerimov, commenting on the occasion, noted that if there are no fees and commissions, banks will not be able to promote non-cash payments.

"Banks are raising the commission so that it is unprofitable to cash out money so that customers make payments in cashless form. The intention, the strategy is to get people to switch to cashless payments. If the new bill is adopted, the Central Bank will be authorized to set the maximum limit for the market," Kazimov said.

Other news