Baku 11° C
54% of transactions on Azerbaijan's Gov't Payment Portal are non-cash
Finance
- 15 March, 2021
- 10:52
In 2020, the total volume of payments made in Azerbaijan through the Real Time Gross Settlement System (AZIPS), as well as the Low-Value Payments Clearing and Settlement System (LVPCSS), amounted to 223.4 billion manats, and the number of transactions was 59.8 million, Report informs, citing the Central Bank of Azerbaijan (CBA).
The Government Payment Portal (GPP) collects payments for more than 800 services. Last year, the total volume of transactions in the GPP amounted to 3.3 billion manats, and 54% of these transactions were non-cash.
The volume of non-cash transactions rose by 22% compared to 2019.
Author
Latest News
22:39
President of the Council of Ministers of Italy Giorgia Meloni concludes visit to Azerbaijan
Foreign policy22:37
3 killed, 25 injured in China fireworks factory explosion
Other countries22:32
Photo
Gabala hosts WUF13 Festival
Infrastructure22:25
Photo
President Ilham Aliyev held expanded meeting with President of Italian Council of Ministers
Foreign policy22:22
Photo
President Ilham Aliyev's speech at 8th European Political Community Summit in world media spotlight
Foreign policy22:03
Meloni calls for stronger European security amid possible US troop cuts
Other countries21:58
Meloni: Azerbaijan is Italy's strategic partner in energy
Foreign policy21:47
Photo
President Ilham Aliyev hosted working dinner in honor of President of the Italian Council of Ministers
Foreign policy21:45