16:26 - 28.04.2026

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April 28, Fineko/abc.az. The Central Bank of Azerbaijan has determined the next steps for development of the payment sector in its report on realization of Financial Sector Development Strategy 2024-26 in 2025, ABC.AZ informs with reference to the CBA data.

The CBA is planning to expand the scope of the Instant Payment System (IMP) by improving its functionality, as well as to adapt the internal information systems of the participants of the IMP to the requirements of the updated system.

At the same time, it is planned to improve AZQR standard (unified QR code standard in Azerbaijan) and optimize the liquidity management mechanism. In order to support rapid development of digital payments, it is also planned to determine the management structure of the National Payment System (NPS) and carry out the necessary regulatory adjustments.

Along with this, the regulator has included ensuring the risk-based supervision in the payment sector in the list of upcoming tasks.