(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 3. A total of 84
percent of Azerbaijani banks have developed their own mobile app
and banking, President of the Azerbaijan Banks Association (ABA)
Zakir Nuriyev told trend .
According to him, the digitalization rate of banking activities
in the country is growing rapidly.
'In the future, the provision of banking services by local banks
will focus on the online environment rather than the physical one.
Even though the banks are engaged in the digitalization of their
products and services, they continue to open their branches in
districts, as well as in Azerbaijan's Nakhchivan. It's also
scheduled to establish service centers in the liberated
territories,' Nuriyev said.
The ABA president said that the number of banks with a mobile
app will reach 100 percent in the near future.
'I would like to note that almost all banks build their
development strategy based on the needs of the local market, as
well as the challenges faced by the global economy are changing
very quickly,' he added.
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