Azerbaijan, Baku / corr Trend I.Khalilova / Four Azerbaijani banks, Zamin Bank, AzerturkBank, Debut Bank and Azerbaijan Senaye Banki (former CIBank), have appealed for admission into the international payment system.
Jalal Orujev, the Executive Director of Millikart LLC (the Azerbaijani Plastic Card Processing Centre), announced that they are shareholders of Millikart and respectively will issue cards through this system.
Zamin Bank submitted its documents to MasterCard, whereas Azerbaijan Senaye Banki plans to obtain membership with Visa and MasterCard. The two banks, AzerturkBank and Debut Bank will finalise their certification with MasterCard within a month.
Orujov stated that the banks preferred the chip card system. Presently, 16 of the18 banks are members of the international payment system.
According to the 2007 business plan, 9 founder banks of Azerikard are expected to transfer to Millikart. Currently, Millikart supplies cards to ten providers - Azeridemiryolbank, UniBank, Azerturkbank, Debutbank, the Azerbaijani Microfinance Bank, Ganjabank, Zaminbank, Atlantbank, AFBank and Azerbaijan Senaye Banki, whereas the shareholders of the Center are 18 banks. Three of the banks utilizing the services of this system, are not Millikart shareholders.
Personalization of the most expensive chip cards in Millikart comprises $2.5-3 and magnate to $1.5. The tariff for extracting cash through the cash vending machines and POS-terminals is AZN 0.05 per transaction.
The National Bank of Azerbaijan (NBA) has signed a constituent agreement on passing the Centre to the management with 18 banks.
Millikart" was established on 14 June, 2006. The founders of the Centre are Atabank, AzerDamirYolBank, AzerTurkBank, Bank of Baku, CIBank DebutBank, AmrahBank, KhlgBank, KredoBank, Microfinancing Bank of Azerbaijan, ParaBank, RabitaBank, RespublikaBank, Bank Standard, TekhnikaBank, TuranBank, UniBank and ZaminBank.