World crisis postpones preparation of new state development program of national payment system in Azerbaijan

Azerbaijan, Baku, October / Trend I. Khalilova /

The Azerbaijani Central Bank postponed preparation of state development program of national payment system for 2010, the first deputy chairman of the Central Bank's board, Alim Guliyev said. It was expected to be approved by late 2009.

"We conducted certain work over improvement and revision of the program. But realization of envisaged actions is not advisable during the world financial and economic crisis at this stage," deputy chairman said.

He said that resumption of the work over the program and realization of these measures will be urgent in 2010, he said.

Implementation of the program will create integrated united E-payment sphere, accelerate development of E-trade and increase of volumes of cashless turnover in medium-term prospect.

Up to now actions were held upon the state development program of national payment system over 2005-2007. National payment systems on the Central Bank's small payments (HONKS) and large payments (AZIPS) were created within the program.

The center on communal payments was established via HONKS. This center allows transferring funds in on-line regime and getting accounting, as well as removing abuses in banks' departments.

The second processing center - Millicard OJSC was also established under the Central Bank. Afterwards, it was passed to 18 commercial banks' management.

There was a task to provide all trade facilities and services sectors with POS-terminals by late 2007 upon instructions of the presidential decree 'Improvement of Azerbaijani payment system' dated November 22, 2005. But this process also continues in 2009.

The ministry of taxes does not register cash registers without classification of terminals at their facilities by owners of trade objects to accelerate this process. 

Do you have any feedback? Contact our journalist at: capital@trend.az

EU-Kazakhstan Cooperation Committee debate COVID-19 impact, coop issues
EU-Kazakhstan Cooperation Committee debate COVID-19 impact, coop issues
Kazakh cities introducing smart technologies via Smart City projects
Kazakh cities introducing smart technologies via Smart City projects
Kazakhstan increases exports to Greece despite COVID-19
Kazakhstan increases exports to Greece despite COVID-19
Loading Bars
Latest
Iran lowers import of Turkey-made cars
Energy Community welcomes adoption of Law on Energy and Water Supply by Georgia
Iran discloses details of exports via Kerman Province
UK PM urges unity in global fight against COVID-19
Iran's National Information Network to function alongside global internet
Iran reveals details for returning of currency earnings from exports
Lebanese security forces kill two members of armed group
Iran's import of chemicals from Turkey dips
Weekly review of Azerbaijan's precious metals market
Total volume of non-bank deposits in Georgia′ s banking sector up
Italy considers production of Italian denim fabrics in Uzbekistan
Iranian Energy Exchange announces products to be on sale September 27
Azerbaijan's Anglo Asian Mining reveals revenue forecast for this year
UK records another 6,042 coronavirus cases
Brazil exceeds 140,000 deaths from COVID-19
Iran, Iraq discuss bilateral ties, regional developments
Turkey unveils goods shipment figures from Lebanon via its ports
Serbia to further boost ties with Turkey, President Vucic says
Deputy Health Minister – Georgia maintains ‘dark green zone’ status on global COVID-risk scale
EU-Kazakhstan Cooperation Committee debate COVID-19 impact, coop issues
Ukraine's president orders prompt investigation of plane crash
Iran's Bahar Azadi gold coin price continues to rise
Azerbaijan's FM meets with EU Special Representative for South Caucasus (PHOTO)
Azerbaijani president congratulates his China counterpart
England's COVID-19 app does not accept a third of test results
Kazakh cities introducing smart technologies via Smart City projects
Volume of cargo shipment from Spain across Turkish ports revealed
Kazakhstan increases exports to Greece despite COVID-19
Import of cars from Turkey by Georgia shows drop
Iran reveals its COVID-19 data for September 26
Azerbaijani ambassador meets with Russian St. Petersburg's governor
Azerbaijan confirms 131 more COVID-19 recoveries
Kazakhstan, EU eye establishing direct air flights
Azerbaijani president expresses condolences to president of Ukraine
Uzbekistan, Egypt eye to co-op regarding electrical equipment production
Russia reports over 7,500 coronavirus cases in the past day
Turkmenistan’s Turkmentruba opens tender to buy chemical products
Kazakhstan's postal service operator to buy coal via tender
Volume of loans issued by Georgian commercial banks down
Loan portfolio of banks, NBCOs in Azerbaijan down
Volume of cargo shipment from Egypt across Turkish ports revealed
Weekly review of Azerbaijan's currency market
Azerbaijani oil prices on the rise
Volume of food oil exported from EAEU to Turkmenistan revealed
Average monthly salary in Baku increases
Member of Pakistani Senate: Ethno fascism of Armenia - menace to regional stability
Total assets of Azerbaijani banks decline
Share of Turkish cars on Israeli market down
Uzbek airport to buy accumulator batteries and agriculture tires via tender
Uzbek airport to buy auto parts via tender
China increases import of Turkish cars
Turkey's chemicals exports to Georgia down
Turkish gov't: Pashinyan's statement on Azerbaijan, Turkey - attempt to deceive world community
Philippines surpasses 300,000 confirmed coronavirus cases
Azerbaijani delegation to UN: Armenian attempts to disguise unlawful actions by self-determination - fundamentally flawed
Georgia increases export of apples
Turkmenistan's Turkmenabat chemical plant develops co-op with country’s private sector
Another rise in food prices expected in Georgia
Number of oil and gas wells drilled in Iran revealed
Uzbek-Korean AO Uz-Dongwon opens tender for transport services
Azerbaijan's MFA: Armenian MFA's worthless statement can't deny truth said by President Aliyev
Uzbek-Korean Uz-Kor Gas Chemical LLC to buy software via tender
Uzbekistan to create its own COVID-19 vaccine
China's Changan Ford JV sales to grow this year, company official says
Iranian currency rates for September 26
Georgia reports 296 new COVID-19 cases
Uzbek potash fertilizers export to Indonesia to be increased
Turkmenistan brings home its citizens from Turkey amid COVID-19 threat
Russian’ Astrakhan interested in importing Turkmen textiles
Armenia violates ceasefire with Azerbaijan 48 times
Number of coronavirus cases in Uzbekistan approaches 55,000
Mitsubishi Motors to cut 500-600 jobs to reduce costs
Mitsubishi Motors to cut 500-600 jobs to reduce costs: sources
Every 250th person on Earth already contracted coronavirus
Latvia ready to provide access to its sea ports to Central Asian countries
Uzbekistan reduces import of electrical goods from Turkey
Gakharia: Georgia is a part of European civilization
Chinese mainland reports no new locally transmitted COVID-19 cases
American Airlines to get $5.5 bn loan from US Treasury
Togo's prime minister and government resign, presidency says
Brazil exceeds 140,000 deaths from COVID-19
124 illegal immigrants rescued off Libyan coast: UN
Seventeen more coronavirus patients die in Moscow in past day — crisis center
U.S. COVID-19 cases surpass 7 mln -- Johns Hopkins University
FAA chief set to conduct 737 MAX evaluation flight next week
UK pledges over $400 million for WHO, calls for end to 'ugly rifts'
25 people killed in military plane crash in Ukraine (UPDATE)
UAE reports 1,008 new COVID-19 cases, 89,540 in total
Turkmen textile company reveales production volume
Coronavirus cases pass half-million mark in France
Kazakhstan's export to Romania decreases amid COVID-19
TRT World aires documentary on devastating effects of Armenian-Azerbaijani conflict (VIDEO)
Inflow of Turkish labor migrants to France plunges to record low
Iran's trade with EU declines
Google to block election ads after November 3
Police officer shot dead at custody centre in London
Turkmen textile company talks impact of COVID-19 on exports
Level of dollarization on individuals' bank deposits in Azerbaijan increase
Georgia reveals volume of processed grapes as of Sept.25
Rise in COVID-19 cases in Turkey now under control, health minister assures
All news