Azerbaijan, Baku, Feb. 9/ Trend , N. Ismayilova/
In 2008, the number of electronic payments and remittance operations performed by the International Bank of Azerbaijan (IBA) increased 33.4 percent and reached 366,300. It also increased 38.8 percent and reached 7.97 million manat, the IBA said.
In 2007, 243,800 operations worth 4.88 million manat were performed via all channels of electronic banking.
"Despite great majority of operations accounted for payments for mobile and stationary telephone communication, more than half of the payments were performed via Card Transfer (remittance from one plastic card to another)," the bank said.
The IBA plans to widen range of the electronic banking operations. The functions of Internet-Banking and MobilBank systems will be increased.
The bank launched four more electronic banking services in 2008.
Innovative service designed by the IBA and its subsidiary AzeriCard and mobile operator Azercell were launched in Jan. 2008. The service enables to perform bank operations via mobile phone. By using this service, clients can receive abstract of account and SMS-messages about each operation, check account, pay for mobile communication (Azercell) and energy bills.
In July 2008, the IBA and its subsidiary International Insurance Company (IIC) announced a joint implementation of the project which aims to enable clients who use the IBA plastic cards to pay insurance premiums via the IBA cash machines. The IIC clients earlier could pay premiums via any IBA branch. However, this process was further simplified.
In the same month, the bank signed agreement with Azerfon. The NarMobile subscribers gained opportunity to pay for services at any time via plastic cards in over 580 cash machines and 69 information points and also via Internet banking.
In late Dec., the bank announced new service for payment of mobile Internet Service together with provider Elcell.
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