BAKU, Azerbaijan, June 20. Visa is able to
assist the event of cashless funds in transportation in
Azerbaijan, senior director and regional supervisor of Visa in
Azerbaijan Nurlan Hajiyev instructed Pattern.
“We now have already applied a transport mission within the nation
along with Azerbaijan Railways, the Worldwide Financial institution of
Azerbaijan, and the Central Financial institution: we launched contactless funds
on the Absheron Ring Railway, on the Baku-Sumgayit route, which
contains 14 stations. At every of them, passengers will pay the fare
by fee card, in addition to by telephone, watch, and fee ring,”
Visa’s regional supervisor shared.
In keeping with Nurlan Hajiyev, this mission has grow to be one of many
most profitable examples of the introduction of cashless funds,
which is being adopted by different nations.
“For the primary time within the area of Southeast Europe, CIS,
Ukraine, and Georgia, we’ve applied a Mobility and Transit
Transaction (MTT) system. So far, that is probably the most superior
fee resolution within the transportation sector. I wish to observe
that globally, such cities as London and Vancouver are main in
this course, and we’re blissful to introduce related applied sciences
in Azerbaijan as effectively,” the senior director mentioned.
Hajiyev additionally emphasised that transportation initiatives require the
mixture and integration of varied parts of the ecosystem,
and Visa is open to cooperation with all market gamers and is
happy to proceed to share experiences and achievements on this
space.
To notice, Visa (NYSE: V) is a worldwide chief within the digital
funds business. Visa processes fee transactions between
customers, companies, and monetary and authorities establishments in
greater than 200 nations and territories. Visa’s mission is to unite
the world via an progressive, handy, dependable, and safe
fee community to advertise client well-being and enterprise and
financial prosperity.
Keep up-to-date with extra information on Pattern Information
Company’s WhatsApp channel