Turkmenistan's Turkmen-transit company introduces new contactless payment service

Turkmenistan's Turkmen-Transit company has developed a mobile bank application to enable the use of contactless payment service. This was reported by the Internet publication "Turkmenistan: Golden Age".

The application is convenient not only for consumer users, but also for owners of service and trade facilities. The company also plans to introduce this contactless payment system in public institutions to enable payment for utilities or ticket ordering.

To use a smartphone as a mobile bank, a contract must be signed, after which the bank binds a specific settlement account to it using the smartphone ID. When this service is activated, the owner of the device will be able to exchange data without wires, internet connection or Bluetooth connection. There will be no need to carry a purse with payment cards.