BAKU, Azerbaijan, May 29. United Payment aims to launch TURAN e-wallet in Azerbaijan, Managing Director of the fintech company in Azerbaijan Edgar Abdullayev told Trend.
"The immediate plan is to launch the TURAN wallet and begin serving Azerbaijani citizens in the Business-to-consumer (B2C) electronic money accounts sector. TURAN is a digital wallet that will be established in compliance with the regulatory requirements of the Central Bank of Azerbaijan (CBA)," he added.
To note, United Payment (formerly known as Birleshik Odeme) received its e-money license in 2015. Wise financial technology company started doing business in Türkiye in partnership with United Payment in 2017, and the company opened its first international office in Azerbaijan in 2020.