Azerbaijani processing center expects increase in emission of cards by 60 percent
Azerbaijan, Baku, May 19 / Trend I. Khalilova /
Milli Kart LLC redeemed card payment processing center of the Central Bank of Azerbaijan in 2006. It will continue to expand its client base among the country's banks in 2010, LLC executive director Jalal Orujev said.
"The total number of issued cards will be increased to 250,000 units due to attraction of new banks in the system of Milli Kart and implementation of new projects of banks, served in the center," he said.
Today, the center issued 150,000-160,000 cards.
About 12 banks are served in the system of Milli Kart. Today, four banks (Demirbank, Unibank, Zamin Bank and Bank of Baku) migrated their card business in Milli Kart from another processing center Azerisard.
Ltd. was established July 14, 2006 after 18 commercial banks redeemed a processing center of card payments from the Central Bank of Azerbaijan. At present, the minimum participation of banks in the capital center is one percent, and maximal - 10 percent.
The founders of the center are Atabank, Demirbank, AzerTurkbank, Bank of Baku, Azerbaijan Senayye Bankasi, Debutbank, Amrahbank, Xalq Bank, Credo Bank, Access Bank, ParaBank, RabitaBank, Bank Respublika, Bank Standard, Texnika Bank, Turan Bank, UniBank and Zamin Bank . Milli Kart LLC was founded with a capital of four million manat.
On May 19, the official exchange rate is 0.8037 manat to $1.