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Regional Azerbaijani bank starts issuing MasterCard chip cards

Business Materials 30 November 2012 16:14 (UTC +04:00)

Azerbaijan, Baku, 30 November / corr. Trend H.Valiyev /

Nakhchivanbank has completed its certification project on issuing MChip Issuing chip cards, as well as the ATM-acquiring MChip.

Nakhchivanbank has already started issuing Maestro, Standard, Gold and Platinum cards.

Operating since 2008 and established to provide financial services to the people of Nakhchivan AR in general and those engaged in small and medium businesses, in particular, Nakhchivanbank JSC is the second regional bank in Azerbaijan.

The bank is connected to a system of small payments, has direct connections with the Central Bank of Azerbaijan. The Bank is a member of the AZIPS national payment system. Currently, negotiations are underway with the Russian company Alliance Factoring on joining to the SWIFT system.

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