International Bank of Azerbaijan (IBA) notes the trend of positive growth of electronic banking operations for the period from 2007th to 2012th years.
Thus, if in 2007 across all channels of electronic banking was conducted 243,800 transactions totaling 4.9 million manat, in 2012, the year the number reached 464,900 transactions totaling 14.1 million manat. Overall, in the years 2007-2012 through e-banking held 2,591 thousand operations for a total of 76.8 million manat.
According to the number of e-banking transactions in 2012, the year of 94.5% of the transactions were designed to pay for mobile communication (compared to the 2011th year of the number of transactions increased by 3.8%). Overall in 2012, the year to pay for mobile customers of the bank was held 439,000 electronic banking transactions for a total of 2.63 million manat. The number of operations to pay fixed line compared with 2011 increased by 83.4%, and the amount of payments increased by 3 times.
Last year, a large portion of the total money transferred through electronic banking, fell on transfers Kart Transfer (72%). Mobile payment is 18.6% of the total.
Most of the operations carried out by the electronic banking and ATM systems InternetBank. 90% of operations were conducted through ATM, and 44% of cash flows have been carried out through a system InternetBank.
MBA traditionally pays special attention to the development of e-banking services. The Bank is constantly working to improve the implementation of existing and new services. Today, clients of the bank can, through ATMs, computers and cell phones, without leaving your home, check your bank account, get a statement, transfer money, pay utility bills, internet, mobile and fixed telephony. New technologies and projects, such as the Cash by Code, Cash In, Cash to any Card, VISA Personal Payments, PIN Set, PIN Activation is not a complete list of services and products offered by the bank. These services help save you time and customer demand.
In order to provide services to customers at a higher level and the creation of new banking products, the IBA is planning in 2013 to the year significantly expand the range of electronic banking operations with a high security level.-15D--
Economics
-
Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
-
In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
-
As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
-
In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
Leave a review