Central Bank to cooperate with SWIFT on this issue

16:20 - 22.05.2023

May 22, Fineko/abc.az. The Central Bank of Azerbaijan has held discussions within joint cooperation with SWIFT in the direction of expanding the scope of innovative payment services in the country, as well as providing reliable, sustainable and secure payment solutions.

ABC.AZ reports with reference to the CBA that the SWIFT delegation visited the CBA, and a joint meeting was held with a group of SWIFT users consisting of representatives of commercial banks and financial institutions operating in our country.

During the meeting, the current state of the country's national payment infrastructure, the work done on the transition to the ISO20022 international standard and prospects for development of payment services, current and future activity programs implemented by SWIFT, including features of SWIFT compliance solutions, goals and principles of the customer security program were discussed.