E-commerce turnover in Azerbaijan accounts for nearly 45% of total transactions

11:23 - 16.05.2024


May 16, Fineko/abc.az. In Azerbaijan, the e-commerce turnover makes up 44.5% of the total transactions with payment cards.

ABC.AZ reports that Tamerlan Rustamov, Head of the Expert Group on Payment Systems and Digital Banking operating under the Azerbaijan Banks Association (ABA), said about this.

According to Rustamov, there is currently a large volume of e-commerce turnover in Azerbaijan: "It is not by chance that many fraud cases occur here. Currently, there are no statistical data on fraud cases in this sector. In the next strategic period, as a measure to fight against fraud, it is aimed to raise awareness and increase the knowledge and skills of people working in the financial sector."