JSC Access Bank started to accept payment on credits through the terminals MilliOn.
According to the bank, customers can repay loans at any time of the day without going to the bank, and the payment can be done in manats and US dollars.
Access Bank was founded in 2002 by BSTDB, EBRD, IFC, KfW, the German consulting company LFS Financial Systems and Access Holding.
The company Komtec Ltd (trademark MilliOn) founded in 2008 is the market leader of electronic payment systems in Azerbaijan. Currently, shopping and entertainment centers, metro stations, railway stations and supermarkets have more than 1 thousand payment terminals MilliOn installed. --17D-
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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