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Minister: Azerbaijani banks must be reconsider tariffs for using plastic cards to promote cashless payments

Business Materials 11 February 2011 17:36 (UTC +04:00)

Azerbaijan, Baku, Feb. 11 / Trend N. Ismayilova /

The facts of tax evasion are observed in the areas where the payment is made in cash in Azerbaijan, Minister of Taxes Fazil Mammadov told media.

"The facts of tax evasion are minimized in the areas with cashless payments," Mammadov said.

He said that the work is underway to promote cashless payments. The experience of various countries in Eastern and Western Europe, Baltic States and Brazil is studied.

"In general, banks must install POS-terminals in shopping centers. The issues with communication and system must be resolved. The tariffs for the use of plastic cards must be reconsidered. Now the ministry cooperates with the Central Bank to prepare the necessary changes in legislation," he said.

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