BAKU, Azerbaijan, Feb. 19
By Sadraddin Aghjayev – Trend:
Azerbaijani E-PUL payment system plans expand its services, by starting to issue its own bank cards, as well as provide lending, Trend reports.
In 2021, the E-PUL audience grew by 27 percent, and exceeded 500,000 people. During this period, the company completely updated the mobile application, thus being able to develop new services. Most of the transactions fell on such cities as Baku, Sumgayit, Ganja, and Lankaran.
Furthermore, the mobile application of this payment system was updated to provide ability to pay for services of more than 3,000 shops, restaurants, and other outlets in Azerbaijan. In addition, remote user identification was launched via the mobile application, the "VAT Refund" service a project of individual QR codes-links were implemented (the chance for representatives of the service sector to use the payment system completely free of charge, accepting payments to a personal purse through the QR codes and links).
Moreover, Azerbaijan has developed a cybersecurity strategy and proposed the establishment of a Communications Center to combat disinformation, where experts, investigative journalists, and media analysts will be employed.
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