The new technology will benefit customers with option to make prompt and secure payments.

By taking advantage of the latest information technologies in the field of payments, PASHA Bank will broaden provided services, offer new products and delivery channels to cardholders, as well as expand the network of accepting card payments.

Tieto Card Suite Contactless solution is compliant with international payment schemes VISA PayWave and MasterCard PayPass requirements. It allows cardholders to make cashless transactions without signature or PIN code authentication. Contactless payments are efficient solution for public transport and trade service providers, since it allows to process non-cash transactions by one touch of POS.

Maris Ozolins, Director of Cards, Financial Services said: “Tieto is satisfied with the results of Card Suite Contactless functionality delivery project to PASHA Bank.  With our help the Bank took a chance to be among the first ones who provides contactless acquiring and issuing for one of the most growing banks in Azerbaijan. ”

“PASHA Bank is always paying special attention towards introduction of new technologies to the market. The Bank fully supports the initiatives of the government and international institutions to increase cashless turnover as well as strengthens its services to enterprises and private customers. We plan to introduce the contactless technology at the Baku fast food restaurants, where the country's first integrated solution for the cash register and POS-terminal will be presented,” commented Emil Gadjiev Deputy Chairman of the Board, PASHA Bank.

Expansion of the latest technologies in the Bank results in opportunities for new projects related to development of social infrastructure – payments for parking, public transport, toll roads, in restaurants and food service retailer chains, sports activities etc. The plan to decrease the amount of cash and growing cash less payment volumes is in line with PASHA Bank strategy.

PASHA Bank is Tieto customer since year 2009.