BAKU, Azerbaijan, June 9. New technologies such
as "click-to-pay" and invisible payment systems called "invisible
payments" will become one of the main trends in the financial
sector in the coming years, Digital Office Leader at the ABB Bank,
Mehmet Ali Savas, said during the 10th International Finance and
Banking Summit taking place in Baku, Trend reports.
Savas noted that Visa is expected to introduce major innovations
in this direction.
"Click-to-pay technologies create great opportunities,
especially in the field of invisible payments. At the same time,
there will be serious changes in the e-commerce sector," he pointed
out.
According to the ABB official, processes such as entering a card
number or sharing card information separately during online
purchases may be completely eliminated within the next three
years.
"Today, there is already a significant decrease in fraud cases.
With the wider application of artificial intelligence and
simultaneous analysis of various transactions, faster and more
seamless service will be formed for users," he emphasized.
Savas also noted that blockchain technologies and chain-based
payment systems will be one of the main development directions of
the financial sector in the next five years.
In his opinion, the tokenization of real assets is one of the
fastest growing areas in the global financial market.
"There is great potential and large volume in this direction.
International reports also note that this market is developing
rapidly. I hope that Azerbaijan will not lag behind in this
process," the ABB representative added.
