BAKU, Azerbaijan, August 5. PulPal LLC has received a permanent license to operate as an e-money organization, while Global Innovations LLC has received a license to operate as a payment organization in Azerbaijan, Trend reports.
The Central Bank of Azerbaijan (CBA) continues to review applications from organizations seeking licenses to provide payment services.
Previously, the CBA issued indefinite licenses to A-Solutions, United Payment, Modenis, PashaPay, Mobile Payment Solutions, and Paysis, along with an electronic money organization license to Mpay CJSC and a payment organization license to Token Azerbaycan. This brings the total number of licensed organizations in this sector to ten.
For more information on the "On Payment Services and Payment Systems" law, refer to the interview with a CBA representative.
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