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Remittances from Russia’s Sberbank to mobile numbers in Azerbaijan now possible (Exclusive)

Finance Materials 20 December 2019 20:34 (UTC +04:00)
Remittances from Russia’s Sberbank to mobile numbers in Azerbaijan now possible (Exclusive)

BAKU, Azerbaijan, Dec. 20

By Eldar Janashvili - Trend:

Kapital Bank, one of the leading banks in Azerbaijan, has confirmed the information about connecting to the ecosystem of instant money transfers of Russia’s Sberbank by using a mobile phone number.

From now on, money transfers from Sberbank by using a mobile phone number are available in Azerbaijan, and customers of the Sberbank Online mobile application can transfer money to cards and customer accounts of Kapital Bank, a source in the bank told Trend Dec. 20.

Money can be sent in rubles and will be converted to the currency of the card upon being received, according to the source.

A bank from Uzbekistan, two banks from Kyrgyzstan and four banks from Tajikistan also previously connected to the Sberbank ecosystem of instant money transfers by using a mobile phone number.

Kapital Bank is the biggest financial institution in Azerbaijan. Kapital Bank serves more than 3 million individuals and more than 22,000 legal entities. At the same time, Kapital Bank closely participates in a number of state-owned social projects and implements a number of development programs of real sector.

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