Interest will be added to pensions and salaries kept on the cards. This innovation is reflected in the state program on expansion of digital payments in Azerbaijan in 2018-2020, which was approved yesterday.
The program also envisages the development of combined cards and the installation of single ATMs.
Gadin.Net reports that Khazar TV has prepared a story in this regard.
This will be possible due to the implementation of the "State Program for the expansion of digital payments in the Republic of Azerbaijan in 2018-2020," approved by the President yesterday.
The goal of the program is to significantly expand the cashless payment environment between citizens, businesses and government agencies, minimize the amount of cash turnover and, as a result, strengthen the financial resources base of the banking sector.
Zaur Gardashov, head of the Azexport.az portal, said that one of the main goals is to promote cashless payments, so the banking and tax systems will be reformed.
The implementation of the program will also bring significant benefits to consumers.
In order to ensure the convenience of consumers and an efficient payment system, it is also planned to develop integrated cards and install single ATMs.
The program also includes the introduction of new cards for foreign tourists in order to develop tourism. These cards provide tax-free shopping and other benefits for foreigners.