Azerbaijani postal operator to issue Visa International plastic cards
Azerbaijan, Baku, Feb. 8 / Trend H. Veliyev /
Azerbaijani postal operator "Azerpoct" is negotiating to join the ranks of the members of the international payment system Visa International, the head of the postal department under the Azerbaijani Ministry of Communications and Information Technologies, chairman of the postal services commission of the Regional Commonwealth of Communications Novruz Mammadov told Trend.
He said that the agreement on membership in Visa International will allow the postal operator to proceed to the issue of international payment cards.
"Previously, according to our expectations, it can happen by the end of the first half, after the agreement is reached with Visa International", he said.
Today, the Central Bank of Azerbaijan (CBA) has issued permissions for provision of the financial services to more than 400 offices. Azerpoct's 37 post offices are connected to the central module of the automated corporate information system. About 30 of them already provide the financial services.
Today, the operator is allowed to provide five of the seven existing financial services. These include opening and managing accounts, money transfers, issuance of debit card transactions for buying and selling currencies on the order book and collection of cash and other valuable means. The provision of two more additional services - taking deposits and issue of credit cards will be revised in 2011.
Azerpoct's entry into the Azerbaijani banking market will seriously compete with the banking market players. Azerbaijan banking market has 47 banks, the total number of branches is more than 500, while the number of Azerpoct's post offices exceeds 1,600 units.