We Need To Improve Integration Of Payment Ecosystems With Neighbors - Azerbaijan Banks Association

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 15. Azerbaijan needs toenhance the integration of its payment ecosystems with neighboringcountries, President of the Azerbaijan Banks Association ZakirNuriyev said at the Fintech Summit in Baku, Trend reports.

"It's essential to further integrate payment ecosystems withneighboring states. Strengthening the ties between Turkic states intheir payment systems' integration could mark the beginning of thisjourney," Nuriyev emphasized.

He highlighted that one crucial step in this direction isoptimizing cost factors in the payment services market andstreamlining the tariff policies enforced by international paymentsystems for market participants.

To note, Baku is hosting Fintech Summit 2024, themed "New Trendsin Banking and Finance Ecosystem: Innovative Solutions, FinTech,and Security," scheduled to take place on May 15–16.

Stay up-to-date with more news at Trend News Agency'sWhatsApp channel


Trend News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.