Tuesday, 02 January 2024 12:17 GMT

Click To Pay And Passkey To Mark Next Milestone In Dev't Of Azerbaijan's Digital Payments


(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 9. Click to Pay and Passkey will be the next stage in the development of digital payments in Azerbaijan, Senior Director, Regional Manager of Visa in Azerbaijan, Nurlan Hajiyev, said at the International Finance and Banking Summit taking place in Baku, Trend' s correspondent reports.

According to him, Click to Pay technology, based on the EMV standard, enables card data storage and one-touch transactions and has already become a global trend, spanning not just individual countries but the entire world.

He noted that approximately 10 Azerbaijani banks have successfully completed the issuing phase of this technology.

"The next stage of development, as noted, will be the introduction of passkey technologies, which allow for payment confirmation using biometric authentication, including fingerprints and facial recognition.

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Trend News Agency

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