BAKU, Azerbaijan, July 10. The Central Bank of Azerbaijan (CBA) and Visa discussed the expansion of cashless payments in public transport, Trend reports.
According to the CBA, a delegation headed by the First Deputy Chairman of the CBA Rashad Orujov met with Visa's Chief Vice President and Regional Manager for the CIS and Southeast Europe Christina Doros.
The CBA noted that the meeting also discussed the implementation of the concepts of 'smart cities' and 'smart villages', as well as preventing fraud in digital payments.
Additionally, the meeting saw an exchange of views on prospective initiatives being implemented within the framework of the collaboration between the organizations.
Visa (NYSE: V) is a global leader in the digital payments industry. Visa processes payment transactions between consumers, businesses, and financial and government institutions in more than 200 countries and territories. Visa's mission is to unite the world through an innovative, convenient, reliable, and secure payment network to promote consumer well-being and business and economic prosperity.
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