Azerbaijan's PayRiff payment system expanding range of services

Economy Materials 9 July 2021 10:11 (UTC +04:00)
Azerbaijan's PayRiff payment system expanding range of services

BAKU, Azerbaijan July 9

By Sadraddin Aghjayev – Trend:

Azerbaijan's PayRiff payment system expands the range of services for individual entrepreneurs, founder and director of PayRiff company Turkan Farzaliyeva told Trend.

According to Farzaliyeva, the company is currently providing payment solutions for online business with possibility of their further integration.

“Our solutions are mainly intended for entrepreneurs involved in e-commerce, but given the current situation (COVID-19 pandemic), we are expanding e-commerce services to entrepreneurs who want to receive online payments and conduct e-commerce business,” she said. “In order to offer high-quality services to our clients, we are trying to meet modern requirements, and in this regard, we are expanding cooperation with banks operating in Azerbaijan."

The company’s director stressed that the payment system has the function of transactions from a transit account directly to a registered partner's card, the ability to block a transaction with its subsequent deletion (by agreement of the parties), an option for secure storage of card data, an online monitoring system, and a cyber threat protection module.

"Besides, our payment system provides clients with the opportunity to have an account in any bank, and interest rates are set in accordance with the domestic market of Azerbaijan. To integrate our services into entrepreneurship projects, we provide clients with ready-made connection tools for carrying out various operations (for example, receiving and sending of payment)", added Farzaliyeva.


Follow the author on Twitter: @agdzhaev