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VTB launches money transfer service to Azerbaijan on its own settlement platform

ICT Materials 2 July 2022 11:18 (UTC +04:00)
VTB launches money transfer service to Azerbaijan on its own settlement platform
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, July 2. Bank VTB (Azerbaijan) has launched a money transfer service without using international payment systems on the technology platform of the VTB Settlement Center, the press service of the bank told Trend.

According to the source, money can be transferred online in the national currency of Azerbaijan.

"Bank VTB (Azerbaijan) has launched this opportunity for individuals. The maximum monthly transfers comply with the requirements of the Bank of Russia and reach $150,000. This figure may be increased as the currency grip and recommendations of Azerbaijan's Central Bank are loosened," the bank said.

The funds in the national currency can be transferred to Belarus and Kazakhstan in the same way.

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