12:04 - 14.08.2025

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August 14, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has issued binding instructions to Guavapay LLC, CIBPay LLC and Baku Pay LLC, ABC.AZ informs with reference to CBA.

"In connection with elimination of violations of the minimum total capital requirement in accordance with Paragraph 4.3 "Procedure for activities by payment organizations and electronic money organizations" of the Central Bank of Azerbaijan, as well as to improve internal control systems, the Central Bank, guided by the requirements of Article 63.1 of the Law on Payment Services & Payment Systems issued a binding instruction to the aforementioned limited liability companies, " the CBA says.