Bank Technique joined the service card transfers VISA Personal Payment and MasterCard MoneySend
Bank Technique joined the services of the international transfer card VISA Personal Payment and MasterCard MoneySend, belonging to the payment systems VISA and MasterCard, respectively.
Services allow cardholders to these systems quickly and easily, without coming to the bank to transfer funds.
With the VISA Personal Payment, VISA cardholders of Bank Technique can transfer funds to any cards VISA, issued by the Bank of Azerbaijan and the CIS countries.
In turn , MasterCard MoneySend allows cardholders of MasterCard and Maestro cards to transfer money to MasterCard, issued by banks of Azerbaijan and other countries - Albania , Poland , Hungary , Romania , Israel , Belarus, Russia , Kazakhstan , Serbia, Bosnia and Herzegovina , Bulgaria , Macedonia , Slovenia, Slovakia , Croatia , Malta , Cyprus , Moldova, Ukraine, Czech Republic , Montenegro , and Georgia .
VISA Personal Payment Services and MasterCard MoneySend is available to all cardholders BankTechnique. VISA and MasterCard are connected to the services automatically. Services include making transfers to the cards of the banks in manats, and on the cards of banks in other countries - in dollars.
Fees for services vary from 0.25 % to 0.75 % for transfers within the country and from 1 % to 1.5 % for transfers to bank cards in other countries. -15D -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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