Azerbaijan, Baku / corr Trend S.Aliyev, I.Khalilova / Svetlana Georbelidze, Visa Regional Manager for CIS stated on 18 May that the international payment system Visa is concluding the application of the national accounting system in AZN. She made this statement while addressing the second Caucasian international conference and exhibition "Banks and Finance".
The application of the system will enable a decrease in commissions during Visa transactions within the country. 'This system is applied in thirty countries, particular, in Russia, Belarus, Kazakhstan and Georgia. The experience shows it cuts the commission payment by 15-20 times," Georbelidze stressed. . The experience shows it cuts the commission payment by 15-20 times," Georbelidze stressed.
The National Bank of Azerbaijan will act as an account agent in this project. A principle agreement has been achieved with almost all the banks. Now the talks are carried out with the International Bank of Azerbaijan, which will conclude by the next week," she added.
Visa together with another payment system MasterCard proposed to the NBA an application of the privileged local tariffs.