Vusal Gasimli: More and more technology companies to play more important role in payments

17:26 - 10.02.2020


February 10, Fineko/abc.az. Executive Director of the Center for Analysis of Economic Reforms & Communications Vusal Gasimli has met with a delegation of VISA.

ABC.AZ reports that during the meeting Gasimli noted that the world is currently moving from a customer-oriented payment system to a card or digital ecosystem based on security.

He stressed that consumers, preparing for more innovations, prefer control and convenience in payments. Speaking about the future of digital payments, Gasimli pointed out that this matter is closely related to the development of the Internet of things.

"More and more technology companies are going to play an important role in digital payments, as well as in banks and fintechs, and will even displace them," he added.

The meeting parties also discussed the upcoming Visa Cashless Forum in Baku.

It should be noted that Visa Cashless Forum is a platform where issues of wider application of innovations in the field of non-cash payments and payments are covered.

 

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