Local banks have great interest in only Azerbaijani money transfer system
Azerbaijan, Baku, September 23 / Trend N. Ismayilova /
Two other Azerbaijani banks - AccessBank and NBC Bank joined the first Azerbaijai system of Caspian Money Transfer, Zaminbank said. It is the creator of this system. Until now, roughly 20 banks, including TexnikaBank, ParaBank, AtraBank. MuganBank, Bank Standard, Azerbaijan Kredit Bankasi, RoyalBank, RabitaBank, Azerbaijan Senayye Banki, DemirBank, Kapital Bank, Bank Silk Way, United Credit Bank, Bank of Baku, Bank Avrasiya, Ganja Bank, Bank Nikoil, UniBank, Express Bank and AGBank joined the system.
"Zaminbank connected two banks - AccessBank and NBC Bank to expand the coverage of Caspian Money Transfer. The bank also continues to improve the quality of Caspian Money Transfer", Zaminbank said.
Distinctive features of the Azerbaijani system is that the minimal fee to transfer via Caspian Money Transfer is 1,5 percent. It takes 2-3 minutes. The commission is not deducted from the recipient. The standard commission for the transfer through other international payment systems is 2,5-3 percent.
Zaminbank is the creator of the first money transfer system in Azerbaijan. At present, the zone of the Caspian Money Transfer covers Russia, Great Britain, Turkey, Spain, Italy, Greece, Ukraine, Lithuania, Belarus, Moldova, Georgia, Uzbekistan, Tajikistan, Kazakhstan and Kyrgyzstan.