12:31 - 13.10.2026

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October 13, Fineko/abc.az. The Central Bank of Azerbaijan plans to expand the coverage of the Instant Payment System (AOS), including through integration with other countries.

CBA deputy chairman of board Vusal Khalilov made the above-said statement at an event dedicated to the program of the Baku fintech sector trade delegation, organized by the Fintech Alliance of Turkic States (TURKFIN).

"Work is underway to integrate the system with other countries. We are currently negotiating this matter with the Central Bank of Turkey," he said.

According to Khalilov, close to 1 million transactions are carried out daily through the Instant Payment System. In this regard, the CBA is interested in integrating the system with other countries.

He also stressed that fintech companies can play an important role in reducing the cost of cross-border payments.