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Cash payments to decline to 40% by late 2020 in Azerbaijan
Finance
- 27 September, 2018
- 06:41
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Baku. 27 September. REPORT.AZ/ As a result of the ‘State Program on extension of digital payments in 2018-2020’ approved by President Ilham Aliyev, the annual amount of cashless payments is expected to rise by AZN 17 bn.
Report informs that this will promote a 7% increase in cashless payments per year.
Consequently, the share of cash payments in economic transactions will decline to 40% from 74%.
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