OMM Newsroom
Azerbaijan is considering amendments to legislation on electronic commerce. The proposed changes would expand the scope of e-commerce, improve payment rules and update the definition of a POS terminal to reflect current technological requirements.
"Operativ Məlumat Mərkəzi-OMM" reports that the proposals are set out in a draft amendment to the Law on Electronic Commerce discussed at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship.
The draft proposes removing the restriction that electronic commerce can be conducted only within Azerbaijan, as well as introducing the concept of “technological neutrality” and the corresponding principle into the law.
It also envisages improving provisions on payments in e-commerce and bringing them into line with modern payment methods.
Mobile phones could also be considered POS terminals
The proposed changes would also clarify the definition of a POS terminal.
The meeting heard that current legislation defines a POS terminal mainly as equipment used to conduct payment card transactions and withdraw cash. The new approach would bring the definition in line with modern technologies.
Alongside card payments, the proposal would cover other cashless payment methods, including contactless payments. It would also allow mobile phones and other end-user devices equipped with the necessary software to be treated as POS terminals.
If adopted, the changes would be another step toward adapting the legal framework for e-commerce and cashless payments to modern technological capabilities.
