Azerbaijan, Baku, Dec.22 / Trend N. Ismayilova /
LLC Milli Kart, redeemed card payment processing center of the Central Bank of Azerbaijan in 2006, aims at bringing the total number of cards issued by the center to 250,000 units in 2011, LLC executive director Jalal Orujov said today.
"Reaching this indicator will be realized both by stimulating the market and expanding its customer base and by attracting new banks in the Milli Kart system," Orujov said.
Today, the center issued 170,000cards.
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 Dec.22, the official exchange rate is 0.7987 manat to $1.