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Central Bank of Azerbaijan gives green light to Multi Solutions

Economy Materials 10 September 2024 17:06 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 10. Multi Solutions LLC has been granted a perpetual license for the right to carry out activities of a payment organization by the decision of the Board of the Central Bank of Azerbaijan (CBA) from August 28, 2024, a source in CBA told Trend.

The license was issued in compliance with the law “On Payment Services and Payment Systems.”

“Evaluation of other organizations that applied for a license to provide payment services is currently ongoing,” the statement of the CBA says.

To note, to date, thirteen entities have obtained licenses to operate in this sector.

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