Visa Eyes To Expand List Of Azerbaijani Banks Linked To Apple Pay And Google Pay (Exclusive)
Date
6/19/2024 1:10:13 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 19. Visa is actively
working on expanding the list of Azerbaijani banks connected to
Apple Pay and google Pay, senior director and regional manager of
Visa in Azerbaijan Nurlan Hajiyev told Trend .
"Tokenization was launched in Azerbaijan only in 2019. However,
already today, the penetration of tokenized payments in the country
is noticeably higher than in many other countries, including those
that introduced this technology earlier. We are proud to note that
at the moment, every fifth non-cash transaction in Azerbaijan (this
includes, for example, payments using physical cards or online
payments in e-commerce) is made by the most modern and advanced
method - contactless. This is a remarkable indicator," Hajiyev
said.
Visa's senior director also reminded that currently, 14
Azerbaijani banks are connected to Apple Pay and have passed the
relevant certification, and 15 - to Google Pay.
"Azerbaijan has made a significant leap in this direction in a
short period of time: Apple Pay came to the country in 2021 and
Google Pay in 2022. We certainly hope that the number of connected
banks in Azerbaijan will continue to grow. We are happy to
cooperate with various market players and are open to new
partnerships," he emphasized.
To note, 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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