Instant Payment System to be implemented in Azerbaijan from next year

Instant Payment System to be implemented in Azerbaijan from next year
  • Clock-gray 10:38
  • calendar-gray 09 September 2019

Instant Payment System will be implemented in Azerbaijan from the next year, APA-Economics reports.

Plastic cards will not be needed after execution of the system. Thus, the new system will enable users to control their current accounts through mobile phones, regardless of their connection with cards. Several ways will be suggested in order to carry out payment, for example, QR-code or others.

Note that the project of establishment Instant Payment System is prepared by Central Bank of Azerbaijan.

Huseyn Veliyev

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