Azerbaijan’s largest bank intends to expand coverage of its own money transfer system
Azerbaijan, Baku, June 18 / Trend, E. Aliyev /
The International Bank of Azerbaijan intends to expand the coverage of its own money transfer "IBA-EXPRESS", IBA first deputy chairman Emil Mustafayev told media on Saturday.
"IBA-EXPRESS" is quite rapidly developing," he said. "Time is required for these systems to hold a rather significant share on the market. Our segment on this market is small, but we have a strategy to increase it. We are working to develop a network of partners and respondents of this system."
"IBA-EXPRESS" money transfer system was created by the International Bank of Azerbaijan and its subsidiary "Bank IBA-Moscow" in 2009.
Money is transferred through "IBA-EXPRESS" to Azerbaijan, Georgia, Russia and Tajikistan in U.S. dollars, euros and Russian rubles.