Azerbaijan, Baku, Aug. 18 / Trend /
The Azerbaijani Kapital Bank and the Russian "Bank of Capital Credit" completed the talks with upgrading of existing JV Khazri and the conclusion of an agreement on the opening of service points around Moscow, the bank said.
The Russian bank was pleased to emphasize that the system of urgent remittances Khazri differs from other systems for properties such as the fulfillment of the transfer as soon as possible (about 10 minutes), minimum amount of commission (1.5 percent of the amount of translation), coverage of all Azerbaijani regions and simple design of the translation.
In the near future, the sides plan to increase the number of service points in Moscow, as well as increase coverage of the entire territory of Russia. Particular attention will be given to places of compact residence of Azerbaijanis in Russia. A number of advertising campaigns and marketing campaigns will be held to promote a new product on the market and inform the population.
The Khazri money transfer system of Kapital Bank was established in 2007. Today it operates in more than 100 bank branches, allowing transfers of funds to all regions of the republic. The turnover of the system amounted to 50 million manat for three years. The popularity of the system is connected with low rates and easy procedure for the transfer to the client.