Central Bank rep: We encourage non-cash payments using smart devices

12:34 - 29.11.2023

November 29, Fineko/abc.az. The use of smart devices in payments through POS-terminals in Azerbaijan made up 27% for Jan-Oct 2023.

ABC.AZ reports that Rashad Gasimov, senior specialist of the CBA Payment Systems & Settlements Department, said about this when delivering speech at a training for media representatives "Payment security & cybersecurity".

He noted that if earlier our goal was to conduct educational events among citizens to replace cash payments with card payments, now we have stepped up work to promote non-cash payments without cards, that is, with the help of intelligent devices.

"This plays an important role in preventing the possibility of theft of card data of citizens when making payments, fraud cases," Gasimov said.

By Elmir Murad

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