Visa Ready To Support Dev't Of Cashless Payments In Azerbaijan's Transport - Regional Manager (Exclusive)
Date
6/20/2024 1:06:22 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 20. Visa is ready to
support the development of cashless payments in transportation in
Azerbaijan, senior director and regional manager of Visa in
Azerbaijan Nurlan Hajiyev told Trend .
"We have already implemented a transport project in the country
together with Azerbaijan Railways, the International bank of
Azerbaijan, and the Central Bank: we launched contactless payments
on the Absheron Ring Railway, on the Baku-Sumgayit route, which
includes 14 stations. At each of them, passengers can pay the fare
by payment card, as well as by phone, watch, and payment ring,"
Visa's regional manager shared.
According to Nurlan Hajiyev, this project has become one of the
most successful examples of the introduction of cashless payments,
which is being followed by other countries.
"For the first time in the region of Southeast Europe, CIS,
Ukraine, and Georgia, we have implemented a Mobility and Transit
Transaction (MTT) system. To date, this is the most advanced
payment solution in the transportation sector. I would like to note
that globally, such cities as London and Vancouver are leading in
this direction, and we are happy to introduce similar technologies
in Azerbaijan as well," the senior director said.
Hajiyev also emphasized that transportation projects require the
combination and integration of various elements of the ecosystem,
and Visa is open to cooperation with all market players and is
pleased to continue to share experiences and achievements in this
area.
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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