(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 20. Turkish 'Turan
Teknoloji Anonim Sirketi' (Turan) payment system plans to obtain a
license to operate in Azerbaijan, trend reports citing Edgar Abdullayev, general
director of United Payment LLC.
According to him, Turan Teknoloji LLC has already been
established in Azerbaijan.
"After the adoption of the relevant legislative acts by the
regulatory body of Azerbaijan, we will begin to provide e-wallet
services. After Azerbaijan, we plan to open a Turan representative
office in other Turkic-speaking countries, in particular in
Kazakhstan, Kyrgyzstan, Uzbekistan. We believe that this will be
able to bring the economies of our countries closer, and will also
simplify money transfers between Turkic-speaking countries," he
said.
In addition, according to Abdullayev, today it is possible to
make money transfers through "Turan" from Türkiye to
Azerbaijan.
"Negotiations are underway with banks and the Central Bank of
Azerbaijan to establish money transfers from Azerbaijan to
Türkiye," he added.
Over 6,000 transactions, or about 1 million manat ($588,000),
were carried out from Türkiye to Azerbaijan through the Turan
payment system from January through May 2023.
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