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Lithuanian company launches innovative complex solution in Azerbaijan's financial sector

Economy Materials 14 May 2021 23:40 (UTC +04:00)
Lithuanian company launches innovative complex solution in Azerbaijan's financial sector

BAKU, Azerbaijan, May 14

By Sadraddin Aghjayev – Trend:

The Lithuanian ASHBURN International company has launched an innovative comprehensive solution in Azerbaijan, head of the communications department of the Penki Kontinentai group of companies Alexander Zubryakov told Trend on May 14.

According to Zubryakov, the solution consists of an Android terminal, the Translink.iQ SmartPOS payment application, as well as a cash register and a fiscal module.

He noted that the terminal combines functions of three devices: a payment terminal, a cash register and a fiscal module.

As he said, the benefits of using the new comprehensive solution are obvious for all market participants.

"Trade organizations will optimize their costs by purchasing one device instead of three, acquiring banks will be able to expand the range of services through this solution, while the country's government, , will be able to collect information on sales and exercise control over taxes via online fiscalization," the group’s representative stressed.

In turn, the executive director of ASHBURN International, Zhorzas Sharafanovicius, said that the flexible architecture of the solution allows adding the necessary functions at the request of a particular client.

"The work on improving the product does not stop. The combination of cash, payment and fiscal devices is configured for each specific country, taking into account the requirements of the government. We plan to enter the markets of the European Union, Africa, Latin America and the US and introduce a new joint product," the company’s CEO added.

Along with Azerbaijan, the project was launched in Georgia and Uzbekistan.

ASHBURN International is a member of the Penki Kontinentai group of companies. It has established itself as a trusted developer and provider of flexible, innovative solutions for acquiring organizations. Its clients are acquiring banks, processing centers, and retail chains.

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Follow the author on Twitter: @agdzhaev

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