Mastercard supports Azerbaijani banks and the cardholders while this challenging time facilitating the service prolongation of the recently expired cards. Last week Central Bank of Azerbaijan, in order to protect the health of the population of Azerbaijan, allowed the usage of cards with an expiration date in March-May until the end of July 2020.

Following the directions from CBAR Mastercard facilitated his efforts necessary use expired cards, and this can be an efficient solution in a situation where card holders for various reasons will not be able to visit the bank to receive a reissued card. The decision to provide customers with such opportunity remains at the discretion of banks.

“Most of the people aim to limit their contacts and movements due to the current condition. We know that some Mastercard cardholders who have expired or are nearing of card expire validity are worried that they will have to go to the bank and get a new card in order to be able to use cashless and contactless payments which are already familiar and in demand in the current situation. From our side we provide all the technical facilitation of the process,”said Erdem Chakar, head of the representative office of Mastercard in Azerbaijan.

- This decision will require certain actions and adjustments from both issuers and acquirer banks in order to ensure the correct processing of operations, while maintaining a high level of security when making payments. Continue to use your Mastercard and stay healthy! ”

About Mastercard:

Masterсard (NYSE: MA) – is a global technology company operating in the payment industry. Our mission is to provide secure, simple, technological and affordable transactions, to develop and strengthen the digital economy, which gives benefits to everyone and everywhere. Using secure data and networks, building partnerships and leaning on what inspires us, we provide innovations and solutions that help people, financial institutions, governments and businesses realize their greatest potential. Our culture and everything that we do inside the company and beyond, is determined in accordance with the decency quotient (DQ). We do business in more than 210 countries and territories and create a sustainable world that opens invaluable opportunities for everyone.