BAKU, Azerbaijan, January 28. Türkiye's payment system Turan Teknoloji Anonim Company intends to create a unified wallet infrastructure for Turkic countries, CEO of United Payment LLC, Edgar Abdullayev told Trend.
"To create a corridor of digital money transfers between Turkic states, Turan first accelerated its activities in Azerbaijan. Soon users will be able to transfer money from wallet to wallet from Azerbaijan to Türkiye and from Türkiye to Azerbaijan. However, our main goal will be to finalize our corridors by implementing the same model in all Turkic states and enabling digital money transfer between states through a single wallet infrastructure. Turan will become the largest financial application in Central Asia," Abdullayev noted.
In addition, this week it became known that currently the Center for Analysis and Coordination of the IV Industrial Revolution is preparing a draft Smart Industry Readiness Index (SIRI). The SIRI assessment has started to be used to measure digital readiness and accelerate the digitalization of the industrial sector of Azerbaijan.
Meanwhile, the implementation of projects related to the creation of an artificial intelligence platform in the Azerbaijani language (GenAI) was launched in Azerbaijan. Within the framework of cooperation with state institutions, 8 research documents on successful solutions of application of technologies of IV industrial revolutions (4SI) in the national economy, agriculture, industry, healthcare, public procurement, media, and education were prepared. Implementation of projects related to the creation of "digital twin" (Digital twin), artificial intelligence platform in the Azerbaijani language (GenAI), Center of modern technologies, "chat-bot 4SIM" based on generative artificial intelligence, "4SI solution in customs", etc. have been started.
This week it became known that Azerbaijan plans to increase the share of non-cash payments in card transactions from the current 55 percent to 70 percent.
It is planned to increase the share of instant payments in National Payment System operations from the current 0.39 percent to 25 percent, expand the share of non-cash payments in retail turnover from 21.1 percent to 40 percent, and increase the share of digital banking in customer transfers from current accounts from 80 percent to 90 percent.
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