Ï The number of digital banking services is growing in Turkmenistan
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The number of digital banking services is growing in Turkmenistan

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The number of digital banking services is growing in Turkmenistan

Turkmenistan is carrying out systematic work to modernize the activities of the banking sector and introduce innovative solutions in this area. Deputy Prime Minister H. Geldimyradov spoke about the practical steps being taken to improve the network of settlement and payment systems of credit institutions and increase the types of digital banking services at a government meeting via video link.

In this regard, it was reported on the ongoing work to improve the quality of services provided by banks remotely and increase the volume of non-cash payments by expanding the range of services.

Having presented to the head of state the proposal of the Joint-Stock Commercial Bank «Rysgal» to put into operation the «Internet-bank» and «Mobil-bank» systems, the Deputy Prime Minister informed about their capabilities.

Summarizing the report, President Serdar Berdimuhamedov noted that in order to solve the problems identified in the State Program for the Development of the Digital Economy of Turkmenistan for 2021–2025, special importance is attached to increasing the volume of non-cash payments. At the same time, a necessary condition is the consistent improvement of payment systems and the regular expansion of the types of digital banking services.

Having approved the proposal presented, the head of state instructed the Deputy Prime Minister to carry out appropriate work to introduce modern banking service systems of the «Rysgal» Joint-Stock Commercial Bank intended for individuals.