By Trend

MasterCard supports the digitalization of the financial and banking sectors of Azerbaijan and is ready to support the fintech companies with its technological and other solutions, the General Manager of MasterCard in Azerbaijan and Turkiye Avsar Gurdal told Trend.

According to him, the solutions of MasterCard create a safe and efficient environment to make financial transactions as well as contribute to the entry of new projects into the market.

“We have a Fintech Express program within which we cooperate with fintech companies from various countries, including Azerbaijan. In Azerbaijan, we expect the growth of fintech projects and companies, as well as the potential for the rapid digitalization of the financial sector. In accordance with this, there is close cooperation with the Central Bank and other government agencies,” added Gurdal.

The general manager noted that there are several reasons for the prediction of growth of fintech projects such as a favorable digital environment, the country’s banks’ interest in these projects, the statistics of the growth of non-cash payments, and the aim of the regulator to increase their share in the total turnover.

International Astronautical Federation aims to cooperate with Azerbaijan

International Astronautical Federation (IAF) aims to cooperate with Azerbaijan, IAF Executive Director Christian Feichtinger told Trend on December 6.

“Meetings will be held within the framework of the International Astronautical Congress in Baku next year. The congress delegates will get acquainted with the work done by Azerbaijan, especially Azercosmos, and projects in this area,” Feichtinger said.

Besides, according to him, the delegates will witness Azerbaijan’s potential, which will stimulate partnership with the country on various levels.

“This is also important in terms of tourism. People who come and see the beautiful places of Azerbaijan, will come here next time with their families,” the executive director added.

During the election held at the IAF General Assembly in Washington in October 2019, Baku received the right to host the International Astronautical Congress. For effective and coordinated work in preparation for the congress in Baku in February 2022, an organizing committee, consisting of local government agencies, was established.