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New electronic services to be introduced in Turkmenistan's banking system

Finance Materials 27 November 2020 15:01 (UTC +04:00)
New electronic services to be introduced in Turkmenistan's banking system

BAKU, Azerbaijan, November 27

By Jeila Aliyeva - Trend:

New electronic services will be introduced in Turkmenistan's banking system, Trend reports with reference to Turkmenportal information portal.

Also, digital systems will be used for processing loans provided by banks in Turkmenistan.

At the same time, explanatory work will be carried out among the population about the importance of introducing new banking services in electronic format.

The country is working on the implementation of the concept of digital economy development in Turkmenistan in 2019-2025.

As it was reported earlier, the work is underway to introduce digital technologies into Turkmenistan’s banking sector.

The introduction of digital technologies into the banking sector of the country will expand the range of banking services and the capabilities of the national payment system provided to customers, as well as increase the competitiveness of credit institutions.

In general, the country's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of non-cash payments is increasing, and payment for goods and services is being implemented through banking terminals.

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Follow the author on Twitter: @JeilaAliyeva

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