Single encashment center can be created

16:39 - 9.02.2024


February 9, Fineko/abc.az. Discussions on the creation of a single encashment center have been held in Azerbaijan, ABC.AZ reports, referring to the Association of Banks of Azerbaijan (ABA).

The discussions took place at a meeting of the ABA special working group with participation of reps of company Bantaş Nakit ve Kıymetli Mal Taşıma ve Güvenlik Hizmetleri operating in Türkiye and several local banks. The Turkish company made a presentation of the planned single encashment center.

The ABA was established in 1990. Currently, it includes 31 banks, 2 non-bank credit organizations, as well as processing company Azericard. The ABA represents the interests of its members in legislative, executive and judicial bodies, as well as in public and international organizations.