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Date:22/06/12

New electronic card payment system to be introduced in Azerbaijan

The rapid development of the consumer market has led to increase in the card business in Azerbaijan. So, there has been a growing need for the application of innovative products in the banking sector.

  In this connection, the ’MilliKart’ LLC has presented to banks an opportunity to employ  the ‘Bonus & Taksit’ system, which has new functional capabilities, in order to improve  efficiency of work.

 This information was provided to ICTnews by MilliKart. ‘Bonus & Taksit’ has the following advantages over the other system being used in Azerbaijan:





- This card payment systems operates in online mode

- Besides having all properties of other credit cards, it can be used for making commercial transactions

-  It can be used for making no-interest split payments

- It allows to its holder to earn, accumulate and spend expenditure bonuses   
   
-  It allow it holder to manage their bank accounts, card accounts and all banking operations  




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