17:02 - 10.03.2025

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March 10, Fineko/abc.az. The authorized capital of CIBPAY LLC, a payment organization operating in Azerbaijan, has been increased, and this increase falls on the period after the mandatory instruction of the regulator.

ABC.AZ informs that according to the latest information, CIBPAY LLC increased its authorized capital by another 127,000 manats and brought it to 907,000 manats (about 16.3% more than the previous amount).

The company was founded in 2022. Its founder and head is Sohrab Sokhadov. Last year, the company used capital gains several times to meet the minimum standard set by the Central Bank of Azerbaijan for payment organizations.