Arzuw NEWS - Turkmenistan news

Contactless payments: Turkmenistan on the threshold of innovation in the banking system

Turkmen banks are actively purchasing the necessary software to launch contactless payments and QR-code systems. These activities to complement banking services with innovative technologies were outlined in two documents: The Program of Development of Economic, Banking and Financial Systems and the Concept of Development of Digital Economy in the Country for 2019-2025.

We are talking about the introduction of contactless transfer of funds using RFID and NFC radio-frequency identification technologies. This type also includes transactions via QR-code, when payments are made after scanning a certain code.

In Turkmenistan, banks are increasing their activity in this direction and more and more often offer contactless cards to clients. For example, users of cards "Senagat", "Rysgal", international cards "Visa" and "MasterCard" of the State Bank of Foreign Economic Activity can use this opportunity.

The advantage of contactless systems for customers is the convenience, speed and security of funds transfer. Thanks to innovative technology, users can pay for goods and services with a single touch without having to enter a password every time.

Source: business.com.tm

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