The Saudi Press Agency (SPA) has reported that online payments in the country jumped by more than 400% in the first quarter of 2020 compared to the same period last year.
A new mobile banking service AzerPay, is set for launch in Azerbaijan in February 2016, according to reports. The company will be the first of its kind and it aims at providing a secure way to pay with cryptocurrencies. Users can also use the service to make contactless and remote payments, arrange money transfers, and apply for loans.