Azerbaijan intends to change POS-terminals market

ICT Materials 20 March 2018 14:24 (UTC +04:00)

Baku, Azerbaijan, March 20

By Huseyn Valiyev – Trend:

The pilot project entitled "Single POS-terminal" is expected to be launched in Azerbaijan, a source involved in the project told Trend March 12.

According to the source, more modern and functional POS-terminals are expected to be brought to the country.

"For example, a seller in a supermarket will no longer need to search for the required POS terminal for accepting payment among several POS terminals, which would also correspond to the buyer's bank card, as every bank has its own rules and commissions," the source said. "It is possible to accept payments through one POS-terminal technically and technologically."

"This will be convenient for the user and beneficial to the bank and shopping centers," the source said.

"The shopping centers will be able to reduce the expenses for maintenance of several POS terminals at the same time, while the banks will expand their coverage for the supermarkets without non-cash payments. It will be possible to optimally use available resources via the new approach."

"We would like to implement a pilot project voluntarily, without any administrative interference by the state," the source said. "In general, the POS-terminals market is expected to be changed this year."

According to the Central Bank of Azerbaijan (CBA), at the end of January 2018, there are 65,181 POS-terminals in the country, of which 36,801 have been installed in Baku, 28,380 in other cities and districts of the country. The number of POS-terminals decreased by 5,983 or 8.4 percent in Azerbaijan for the year.