New state program of national payment system to be realized in Azerbaijan from 2010
Azerbaijan, Baku, June 24 / Trend N. Ismayilova /
Project of state development program of national payment system will be approved by late 2009, the Central Bank's board first deputy chairman Alim Guliyev said on June 24.
"Project of the state program is prepared. It will be submitted to the government of the country. Project will be coordinated with state organizations and approved at state level by late 2009, Guliyev said.
The Central Bank will launch realization of this project from 2010, he said.
Realization of the program will allow creating integrated united E-payment sphere in medium-urgent prospective in the country, accelerate development of E-trade and increase volumes of cashless turnover.
Actions were held on the basis of state development program of national payment system over 2005-2007 in the county. National payment systems on small payment of the central bank (HONKS) and big payments (AZIPS) were also created.
Center on communal payments was created via HONKS. It allows transferring funds and getting reports in on-lone regime, as well as eliminating abuses in department of banks.
The second processing center - Millicard OJSC was established under the Central Bank. It was passed to 18 commercial banks later.
Task was set to provide all trade facilities and spheres of service by POS-terminals by late 2007 in accordance with orders of presidential decree Improvement of Azerbaijani payment system dated November 22, 2005. This process will continue in 2009.
The ministry of taxes does not register cash registers to accelerate this process without classification of terminals.
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