BAKU, Azerbaijan, April 26. Azerbaijan's rate of adaptation to new technologies is much higher than in other countries of the world, General Director of Mastercard for Azerbaijan and Türkiye Avsar Gurdal said during the press conference, Trend reports.
“The young population of the country, the interest of the general population in technology, as well as the steps taken by the Central Bank of Azerbaijan, influence the growth of digital payments. Mastercard intends to bring the digitalization of payments in Azerbaijan to 60–70 percent. This is mainly because the speed of adaptation in Azerbaijan to new technologies is much higher than in other countries of the world,” he said.
To note, Mastercard is an international payment system that provides financial services, including credit, debit, and prepaid cards. It allows its holders to make cashless payments at millions of points of sale around the world. Mastercard also provides technology solutions for banks, merchants, and other financial institutions. Mastercard cards are accepted in many countries and are used for a variety of transactions, including in-store purchases, online transactions, ATM cash withdrawals, and other financial transactions.
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