All branches of the non-bank credit organization FINCA Azerbaijan started to offer loans to customers by means of plastic cards, the organization said.
According to Turan, the new cards are called Fincard, and this mechanism is considered to be a new innovative credit channel prepaid.
Clients by Fincard withdraw cash from banks and post offices and pay for goods and services via POS terminals.
Providing the new service was made possible through cooperation with Azerpocht and Millikart, the report of FINCA Azerbaijan says. -----71D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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