Azerbaijan's Kapital Bank to introduce mobile payment solution to businesses - chairman of board
Date
2/25/2022 1:16:21 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Feb. 25
By Sadraddin Aghjayev - Trend:
Azerbaijan's Kapital bank will introduce a mobile payment
solution on the Android platform for smartphones and tablets for
the businesses from 2022, Chairman of the Board of Kapital Bank
Rovshan Allahverdiyev said at the conference entitled 'Tax Reforms
for Inclusive and Sustainable Development: Towards Voluntary
Actions through Digital Transformation', Trend reports.
Allahverdiyev added that the corporate clients of the bank have
been carrying out most of the transactions on Kapital Bank's
website since 2021.
“The non-cash turnover of Kapital Bank's customers amounted to
about 9.3 million manat ($5.5 million) in 2020 while more than 34.4
million manat ($20.2 million) in 2021,” chairman said.“These
figures amounted to almost 70.3 million manat ($41.3 million) in
2020 while over 266.3 million manat ($156.6 million) in terms of
cash in 2021.”
Allahverdiyev added that the VAT refund on Kapital Bank exceeded
152.2 million manat ($89.5 million).
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