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Mastercard eyes launching new payment solution for Azerbaijani entrepreneurs

Economy Materials 28 November 2022 14:23 (UTC +04:00)
Mastercard eyes launching new payment solution for Azerbaijani entrepreneurs
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, November 28. Mastercard's solution for accepting cashless payments using a mobile phone ('Tap To Phone') in Azerbaijan will be implemented in partnership with all banks of the country, General Manager, Türkiye and Azerbaijan at Mastercard Husnu Avsar Gurdal told Trend on November 28.

According to Gurdal, from 2023, micro and small entrepreneurs in Azerbaijan will be able to accept cashless payments using a mobile phone (smartphone).

"An entrepreneur will be able to open an account in any bank and accept payments from a smartphone. This project is mainly aimed at business entities in such areas as taxi services, delivery, and restaurant business," he said.

The general manager added that the 'Tap To Phone' solution is planned to be launched from the middle of next year.

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