ECONOMY


® Revolutionary “Mobile Payment” service now in Azerbaijan!

The beginning of the year was marked by the launch of a new digital service of Azercell Telecom, which is a significant link in the complex process of digitalization of society and digital financial inclusion. Thus, starting from January 8, 2020 “Mobile Payment” service by Azercell in partnership with PASHA Bank and Data Processing Center of Ministry of Transport, Communications and High Technologies of the Republic of Azerbaijan will be presented to all pre-paid (SimSim) subscribers. 

Developed in accordance with the decree of the President of Azerbaijan Republic concerning the “State Program on expansion of Digital Payments in the country”, the new service will allow subscribers to use their mobile phones for performing monetary transactions, just like using cash. Any GSM smartphone can use “Mobile Payment” service, resulting in an easy and intuitive user experience.

As a first stage of the service pre-paid subscribers of Azercell will be allowed to pay utility bills such as water, electricity, heating as well as communication services of Azeronline, Catel, AzDataCom and E-İmza.

Pre-paid (SimSim) subscribers may benefit from this service by using Azercell’s “KABİNETİM” (My Cabinet) mobile application. In order to activate this service, subscriber should sign electronic agreement to accept related terms and conditions while registering in “KABİNETİM” app.

It should be noted that subscribers may use this service only if their balance constitutes more than 3 AZN. The maximum amount for one-time payment is being defined as 50 AZN. The minimum payment limit is determined by provider of the certain service. At the same time, overall amount of payments during the month should not exceed 500 AZN.

The platform developed by Data Processing Center of Ministry of Transport, Communications and High Technologies between the mobile operator and bank will soon extend the number of services in order to create opportunity for additional operations in the frames of “Mobile Payment” project.

Emphasizing the significance of “Mobile Payment” service, CEO of Azercell Telecom Vahid Mursaliyev added: “By aiming to bring digitalized solutions closer to each and every subscriber we extend the range of our digital products in order to make daily life and business operations of customers faster and more convenient. “Mobile Payment” system is one of the most important steps in building tomorrow’s digital society.”

“Promoting “Digital” bank concept in the course of last few years, PASHA Bank has been actively introducing to the market new online solutions created together with customers to meet their business needs. This service will become a highly demanded financial instrument among customers, making a significant contribution to the increase of the volume of cashless transactions in the country. Being one of the leading banks of the country, PASHA Bank will be actively involved in the development of the mobile financial services in Azerbaijan and fully meet the demand of the customers for these services,” emphasized Javid Guliyev, Deputy Chairman of the Executive Board and Chief Commercial Officer at PASHA Bank.

“Mobile Payment” service is a digital approach that offers financial services using the combination of banking and mobile networks. It allows users to execute banking transactions more conveniently without going through traditional procedures. In the near future the number of services in “Mobile Payment” will grow, allowing subscribers to pay for transport services, buy goods, pay bills, top-up their airtime account and etc.

For more information, please contact [email protected]

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