MasterCard announced that it intends to present its contactless payment cards to Azerbaijani financial market in 2012.
According to abc.az, MasterCard is in negotiation with the Central Bank of Azerbaijan, as well as Azerbaijan private banks regarding the implementation of projects on non-cash payments and the introduction of contactless cards for payments for applications in transit, dining and entertainment.
“These cards enable you to make payment within 0.5 seconds that allows avoiding problems with emergence of long queues for payment of services in the above-listed places,” said Hakan Acar, MasterCard Azerbaijan’s regional manager.
Acar added, next year together with Azerbaijani banks there will be the introduction of new cards providing extra bonuses to their users when paying for goods and services.
Read the full story here.