Turkmen banks introduce contactless payment technologies
Currently, credit institutions in Turkmenistan is actively introducing contactless bank cards.
Contactless payments are based on RFID (Radio Frequency Identification) and NFC (Near Field Communication) technologies.
Another type of contactless technology is payments made through QR code technology. In this case, payments are accepted by scanning a special QR code - a quick response code.
Today these technologies apply to the cards of joint-stock commercial banks “Rysgal” and “Senagat”, as well as international bank cards of the State Bank for Foreign Economic Affairs of Turkmenistan “Visa” and “MasterCard”.