Vusal Gasimli: Azexport is one of leading resources in development of digital commerce

12:20 - 12.02.2020


February 12, Fineko/abc.az. Global payments revenue growth exceeds significantly the global economic growth rate by 11% in 2017 and by 6% in 2018.

ABC.AZ reports that the above-said statement was made by Vusal Gasimli, the executive director of the Center for Analysis of Economic Reforms & Communications at the Visa Cashless Forum.

He reminded about the Worldpay report and noted that until 2022 the volume of e-commerce around the world will exceed $4.6 trillion, using 140 online payment systems.

Speaking about credit cards, Gasimli stressed that currently credit and debit cards, prepaid cards, e-wallets and cryptocurrency are used as a means of payment in the world.

He also touched on the development of digital trade: "Every 1 percent of digital payments in the world can increase the level of consumption by $104 billion. Azerbaijan is the leader in the region on the development of digital trade. Azexport is one of the leading resources in the development of digital commerce. The number of payment cards has increased. This is the first trend. Worldwide, e-money has already become a major part of the payment system. It is gratifying that cryptocurrencies have also entered the market of Azerbaijan's payment system. I thank organization Visa for hosting such a grandiose forum in Azerbaijan. This is an indicator of organization’s trust in Azerbaijan and our country's leadership in the region."

 

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