In 2018 the share of payments through POS terminals in Azerbaijan accounted for 3-4% of the country’s GDP (65.2 billion manats in January-October), Erdem Cakar, MasterCard country manager in Azerbaijan, said at a press conference on November 29.
He said the figure was 40% in Turkey, 50% in the UK and 70% in Sweden.
In this context, Cakar noted the significance of the “Cashless Azerbaijan” project.
He noted that the project would make it possible to increase non-cash payments in the country, enhance transparency and support economic growth.
Cakar also spoke about the measures taken by MasterCard to increase non-cash payments in Azerbaijan.
In particular, he reminded about the cooperation with the Central Bank of Azerbaijan in implementation of the “Cashless Azerbaijan” project, about three preferential campaigns in supermarkets, including in the Nakhchivan Autonomous Republic, the “Priceless Specials” discount program and other endeavors. (Trend/Business World Magazine)
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