Organizations to be able to open and serve payment accounts for legal entities and individuals

Electronic money organizations will be able to open and maintain payment accounts for legal entities and individuals.

Igbal Rustamov: Rate of M10 users exceeds much the number of Leobank users

Turkiye numbers over 700 fintech companies

Currently, there are more than 700 fintech companies in Türkiye.

Azerbaijan develops Fintech strategy 2024-28

The Central Bank, together with the International Finance Corporation (IFC), is developing a fintech strategy for 2024-2028.

Mastercard and Visa do not plan to increase commission for card

American companies rendering financial services, Mastercard and Visa, stated that reports that they plan to increase the commission for credit cards in the U.S. are not true.

Ruslan Talibov: We strive to develop fintech ecosystem in Azerbaijan

As the Association of Fintechs, we strive to develop the fintech ecosystem in the country.

Deposits attracted by banks from individuals increased

Ruslan Talibov: Azerbaijani market may be favorable for Turkish fintech

The market of Azerbaijan and CIS countries may be favorable for Turkish fintech.

Deposits attracted by banks from financial institutions decreased

As of August 1, 2023, deposits attracted by Azerbaijani banks from financial institutions amounted to AZN 1.236 billion

Kapital Bank has launched “White City SME Center” branch for entrepreneurs

Central Bank currency rates for 6 September

Azerbaijani manat rate has risen to the euro, to the Turkish lira and to the Russian ruble, while is stable to the US dollar.

Banks acquired $41.4 million at a foreign exchange auction

Following the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

With Birbank cards spend 200 AZN and earn 30 AZN

Central Bank currency rates for 5 September

Azerbaijani manat rate has fallen to the euro, risen to the Turkish lira and to the Russian ruble, while is stable to the US dollar.

AccessBank became a member of international Microfinance Center

Citibank to dismantle all ATMs in Russia by end of 2023

Monetary base in Azerbaijan increased by 3.8% for Jan-Aug

President of Kazakhstan dismissed Pirmatov from post of chairman of National Bank of Kazakhstan

EBRD First Vice President to visit Azerbaijan

The EBRD’s First Vice President and Head of Client Services Group, Jürgen Rigterink, will visit Azerbaijan this week during his Caucasus tour.

Central Bank currency rates for 4 September

Azerbaijani manat rate has grown to the euro and to the Russian ruble, and declined to the Turkish lira, while is stable to the US dollar.

VTB (Azerbaijan) keeps the rate on cash loans at 10.99% until the end of September