Introduction of Visa Token service in our country to become new stage in development of digital payments


September 10, Fineko/abc.az. “Projects to improve the regulatory mechanism to accelerate the digital transformation of banks, the development of digital payments and the introduction of innovative payment solutions in this area, the development of remote banking services will further expand our cooperation with the international card company Visa Inc," Tamerlan Rustamov, Head of the Office for Infrastructure Markets of the Chamber, said at an event held in conjunction with the Chamber for Supervision of Market Infrastructure and Visa Inc.

According to him, the introduction of the Visa Token service will be a new stage in the development of digital payments in our country, and in this regard, today's event is important.

“The Visa Token service will allow non-cash payments not only through payment cards, but also through various devices, including mobile phones, which will increase the level of data processing security during operations with payment cards,” the official said.

He added that this will enable the introduction of more innovative solutions.

It should be noted that during the event, the parties exchanged the Memorandum of Understanding signed earlier between the Chamber and the international card organization Visa Inc.