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Turkmenistan's Dayhanbank to launch new payment system

Finance Materials 18 March 2024 16:15 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, March 18. Turkmenistan's Dayhanbank State Commercial Bank will launch 'Remote Banking', an electronic payment system for private customers, Trend reports.

An official source claims that Serdar Berdimuhamedov, the president of Turkmenistan, adopted the pertinent motion at a normal meeting of the Cabinet of Ministers.

The purpose of this new financial service is to guarantee the effectiveness of payment transactions for the nation's residents and to broaden the range of non-cash payments.

The head of state stated that all areas of the nation's economy are currently implementing a digital system on a large scale; the scope of digital services is growing, as is the number of electronic payments provided by the banking industry.

Berdimuhamedov gave Hojamyrat Geldimyradov, the Deputy Chairman of the Turkmenistan Government, instructions to complete the required work in order to implement the relevant proposal.

The plan was made public as part of the execution of the "State Program on Development of the Digital Economy of Turkmenistan for 2021-2025" and the "Program of the President of Turkmenistan for the Socio-economic Development of the Country for 2019-2025."

Meanwhile, Turkmenistan's commitment to bolstering its financial sector, particularly in digital finance, is evident through active investments.

The integration of modern technologies fosters enhanced service accessibility and transaction efficiency and presents substantial opportunities for economic advancement.

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