IBA expands e-banking
Azerbaijan, Baku, September 27 / Trend /
The International Bank of Azerbaijan (IBA) has signed an agreement with Connect telecommunications company to make payments for the services via cards issued by the bank, IBA has said.
The IBA spokesman Rauf Agayev said that the bank continues to develop services and the infrastructure of electronic banking.
One of the most popular electronic banking services are payments for utilities and telecommunication services, he said. Connect joined the number of companies whose customers can carry out such payments, a few days ago. More than 10 companies, including Azercell, Bakcell, Narmobile, Bakielektrikshebeke, Azeronline, Elcell, and International Insurance Company use electronic banking services.
"Now Connect's customers can pay for Internet or cable TV services via credit cards in any ATM or information kiosks of the IBA or Internet banking and MobilBank systems," a statement said.
Agayev said that there is great demand for e-banking services. Roughly 243,800 transactions amounting to 4.88 million manat were conducted this way in 2007. The number of all types of transactions amounted to 366,300 (an increase of 33.4 percent) and their total sum to 7.97 million manat (an increase of 38.8 percent) in 2008. Positive dynamics were preserved in 2009 with roughly 498,700 transactions amounting to 13.6 million manat. The number of operations exceeded 264,000 and the total sum was 8.3 million manat in the first and second quarters of 2010.
As of September 27, the official exchange rate is 0.8029 manat to $1.