Turkmenistan changes structure of another bank

Finance Materials 23 June 2021 18:11 (UTC +04:00)
Turkmenistan changes structure of another bank

BAKU, Azerbaijan, June 23

By Jeila Aliyeva - Trend:

The structure of Turkmenistan’s Turkmenbashi State Commercial Bank will be changed, Trend reports with reference to the State News Agency of Turkmenistan.

The bank will be transformed into an open joint-stock company.

Meanwhile, work is underway to introduce digital technologies into the 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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