OREANDA-NEWS. July 26, 2011. An increase of cashless payments will ensure the safety of population’s money in Azerbaijan.

Mammad Musayev, president of the Confederation of Entrepreneurs of Azerbaijan (ASK), says that development of cashless payments will play an important role in the country’s economy.

"Cashless settlements reduce the demand for money supply and creates conditions for safety of population’s finances. Besides, it is becoming one of the methods of combating corruption and tax evasion," Musayev added.