Bank Standard connected to the system Monex
JSC Bank Standard connected to urgent money transfers for individuals Monex. This was said in a statement.
The system Monex is a product of its own MuganBank and shove at the end of last year. Sending and receiving money through this system takes up to 10 minutes. Also connected to the system are Bank Respublika, Rabitabank, Amrahbank, Atabank, Atrabank, Qafqaz Inkishaf Banki, Bank Avrasiya, Express Bank, Parabank and LLC Azerpocht.
Today, among the banks operating in the country Demirbank has its own system of money transfer Simsek, KapitalBank has Khezri and Zaminbank has Caspian Money Transfer.
Simsek is designed for internal use only, but through Khezri operations in Russia and Ukraine are possible, though it does not have agents among local banks. Caspian Money Transfer is only able to get a real recognition within the country and outside. Agents of the system are 19 of the 43 banks operating in Azerbaijan. Total number of service outlets today is about 130,000, covering 190 countries.
Bank Standard is also working within the money transfer systems Western Union, Xpress Money, Private Money, Faster, Fast Mail, Contact, Migom, Golden Crown, Blizko, Leader, Coinstar, and Caspian Money Transfer. - 15D -
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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