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Moldova interested in Azerbaijan's experience in postal financial services

Azerbaijan Materials 13 May 2014 20:00 (UTC +04:00)
Post Office of Moldova intends to learn from the experience of the provision of financial services Azerbaijani postal operator Azerpoct LLC, Azerpoct Deputy Director General Subhan Kazimov told Trend.

Baku, Azerbaijan, May 13
By Huseyn Valiyev - Trend:

Post Office of Moldova intends to learn from the experience of the provision of financial services Azerbaijani postal operator Azerpoct LLC, Azerpoct Deputy Director General Subhan Kazimov told Trend.

The representatives of the Moldovan Postal Office are seriously interested in the experience Azerpoct can introduce to banking and financial services in their networks, he said.

It's about the current joint Financial Sector Development project with the World Bank Project.

"The Post Office of Moldova is interested in consultations on the draft provision of financial services in the postal network in Azerbaijan for the practical application of similar project in Moldova," Kazimov said.

Azerpoct LLC has an extensive network of postal services - more than 1,600 nationwide offices.

The postal operator also provides financial services along with the traditional postal services. The LLC started providing financial services in April 2012 in accordance with the license of the Central Bank of Azerbaijan.

Banking services to postal operators are implemented with the help of an automated corporate information system, to which about 900 branches and offices of postal services located throughout the republic are connected.

The operator is allowed to provide services for opening and managing accounts, money transfers, issuance of debit card transactions, operation on buying and selling of currencies on the client's order, encashment and other valuable assets.

The provision of two additional services - attraction of deposits and issuance of credit cards will be considered in the future.

Edited by C.N.

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