PASHA Bank adds Teito contactless solution to payments repertoire

Nordic IT services company Teito has successfully delivered its Card Suite solution to PASHA Bank in Azerbaijan, allowing the bank to broaden its services to allow contactless 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, an especially useful solution for public transport and trade service providers, since it allows to process non-cash transactions by one touch of POS.

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.

“PASHA Bank is always paying special attention towards introduction of new technologies to the market,” said Emil Gadjiev, deputy chairman of PASHA Bank’s board. “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,” he added.

PASHA Bank has been a Tieto customer since 2009.

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