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Azerbaijan Set To Broaden Scope Of Instant Payment System
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 27. Azerbaijan intends to
increase accessibility by expanding the functional capabilities of
the components of the National Payment System, Trend reports.
This is reflected in the“State Program on expanding financial inclusion for 2027-2030” approved by the President of the Republic of Azerbaijan, Ilham Aliyev.
According to the document, the implementation of the measure is recommended to the Central Bank of Azerbaijan (CBA). Azerbaijan Banking Association (ABA) and the Azerbaijan Fintech Association (AzFina) will also be involved in the process.
The execution timeline for the project is scheduled to span from 2027 through 2028.
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