PASHA Bank has implemented Tieto’s Card Suite Contactless solution for acquiring and issuance of Visa and MasterCard payment cards, as well as completed its certification project through the company in Azerbaijan.

The new solution will enable the Azerbaijani lender to leverage the advantage of the latest information technologies in the field of payments to expand the network of accepting card payments and offer new products and delivery channels to cardholders.

Tieto Card Suite Contactless solution, which is compliant with international payment schemes Visa PayWave and MasterCard PayPass requirements, will allow cardholders to make cashless transactions without signature or PIN code authentication.

Emil Gadjiev, deputy chairman of the board at PASHA Bank, said: "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."