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MasterCard plans eyes expanding non-cash payment in Azerbaijan

Economy Materials 16 November 2021 17:20 (UTC +04:00)

BAKU, Azerbaijan, Nov. 16

By Sadraddin Aghjayev - Trend:

MasterCard plans to expand the possibilities of non-cash payment for public transport in the districts of Azerbaijan, MasterCard's representative in Azerbaijan Erdem Chakar told Trend.

According to Chakar, one of the drivers of the growth of non-cash payments in Azerbaijan was the introduction of payment for travel on public transport using a bank card.

"The introduction of non-cash payments in public transport is carried out so that passengers can quickly and easily pay for travel with one touch. In addition, in 2020, we launched a pilot project of non-cash payment of fares on 25 buses in the city of Shamakhi. This project contributed to the full transition to non-cash payments. Today, more than 4,000 non-cash payments are made using public transport in this city," he said.

Chakar stressed that the company continues to negotiate with the relevant structures of Azerbaijan to expand non-cash payments in other cities of the country.

"To do this, we need to replace the validators for accepting payments on vehicles in order to ensure the safety and speed of cashless payments. In addition, a passenger no longer has to stand in queues to fill up the balance of a travel card. MasterCard can be filled up at any terminals, as well as online," Chakar stressed.

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