Number of contactless POS-terminals has grown in Azerbaijan

16:43 - 6.04.2021


April 6, Fineko/abc.az. As of 1 January 2021 3.5 million cards in circulation in Azerbaijan support contactless payment technology.

ABC.AZ reports that Ramil Mahmudov, the head of the National Payment System Development Division of the Payment Systems & Settlements Department at the Central Bank, stated about this at international online conference Baku Transit Forum 2021 Smart City.

He noted that this is about 36% of the total number of cards issued in the country.

Touching upon another issue, Makhmudov noted that over the past 5 years the number of contactless POS-terminals in the country has increased by 3.5 times.

 

Other news