(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 6. MasterCard supports the digitalization of the financial and banking
sectors of Azerbaijan and is ready to support the fintech companies
with its technological and other solutions, the General Manager of
MasterCard in Azerbaijan and Turkiye Avsar Gurdal told trend .
According to him, the solutions of MasterCard create a
safe and efficient environment to make financial transactions as
well as contribute to the entry of new projects into the
'We have a Fintech Express program within which we
cooperate with fintech companies from various countries, including
Azerbaijan. In Azerbaijan, we expect the growth of fintech projects
and companies, as well as the potential for the rapid
digitalization of the financial sector. In accordance with this,
there is close cooperation with the Central Bank and other
government agencies,' added Gurdal.
The general manager noted that there are several
reasons for the prediction of growth of fintech projects such as a
favorable digital environment, the country's banks' interest in
these projects, the statistics of the growth of non-cash payments,
and the aim of the regulator to increase their share in the total
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.