...

Azerbaijani Central Bank issues licenses to new financial organizations

Economy Materials 18 September 2024 19:11 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
Read more

BAKU, Azerbaijan, September 18. The Central Bank of Azerbaijan (CBA) has issued licenses to new financial organizations, Trend reports the CBA statement.

According to the statement, the licenses were issued to K Group LLC to operate as an electronic money organization, M.A.X Systems Plus LLC and Cibpay as payment organizations, and Azericard LLC as an electronic money organization and operator payment system.

"Evaluation of applications of other organizations that submitted requests for a license to provide payment services is ongoing," the statement reminded.

To note, earlier the CBA issued perpetual licenses to A-Solutions, United Payment, Modenis, PashaPay, Mobile Payment Solutions, Paysis, Mpay, and PulPal to operate as e-money organizations. The companies “Token Azerbaycan," “Global Innovations,” and “Drakaris” were granted licenses to operate as payment organizations.

For more information on the "On Payment Services and Payment Systems" law, refer to the interview with a CBA representative.

Stay up-to-date with more news on Trend News Agency's WhatsApp channel

Tags:
Latest

Latest