Electron transactions spreading

During recent years Azerbaijan Republic, relying on progressive international experience, has implemented extensive reforms on creation and utilization of advanced National Payment System. As a result of these reforms a system of interbank payments and clearing system of small payments were created, offering excellent opportunities for making payments of large sums without delay in online regime as well as making payments of small sums (salary, social security tax, telephone, gas, water, electricity, utility bills etc.) via electronic media or plastic cards. These systems guarantee transparency, safety and efficiency of payments.
The systems lay ground for more active utilization of electron payment systems, creation of common electron payment space, covering whole territory of the country, replacement of cash flow with noncash flow in economic turnover, easing access of individual and legal persons to financial markets. At the same time, it allows people to keep money and make payments safely by paying for products, works and services with plastic cards. At the present time appropriate measures are being taken for more active application of electron payment system by all levels of the population, including pensioners and grant-aided students.
Ministry of Taxation advised all organizations to take necessary measures for broadening of application of non-cash transactions (payment of salary by plastic cards, payment for products, works and services via POS terminals) in order to ensure stable development of national economy and increase of transparency.

Views: 1961

©ictnews.az. All rights reserved.

Facebook Google Favorites.Live BobrDobr Delicious Twitter Propeller Diigo Yahoo Memori MoeMesto

15 April 2021

14 04 2021

Acer, AMD, Arm, Intel, Micron, NXP, Qualcomm and Supermicro confirm participation in COMPUTEX 2021 Hybrid

The Taiwan External Trade Development Council (TAITRA) announced today that top global ICT companies

Apple event: Mysterious launch next week revealed by Siri

Apple will hold a major launch event next week, according to its own Siri digital assistant.

Samsung to launch ‘the most powerful’ Galaxy device on April 28th

Samsung will be hosting another Galaxy Unpacked 2021 event on April 28th where the company will be launching

Samsung Galaxy Tab A7 Lite with 5100mAh, Android 11 passes TENAA certification

Samsung is gearing up for the launch of a new budget Android tablet. The Samsung Galaxy Tab A7 Lite has

Robots on call for Singapore home deliveries

Hoping to capitalise on a surge in demand for home deliveries, a Singapore technology company has deployed 

Canalys: the global computer market is growing rapidly

Canalys has released statistics on the global personal computer market. The demand for technology is growing