International Bank of Azerbaijan (IBA) and one of the leading payment systems UnionPay International signed a partnership agreement.
The partnership provides for the adoption of ATMs and POS- terminals MBA card payment system UnionPay International, as well as for the first time in Azerbaijan began issuing cards with this payment system.
UnionPay International is the national payment system in China established in 2002 by the State Council for Countries and the People's Bank of China. UnionPay International ranked first in the world in the number of issued cards, and a second position in terms of turnover on the cards . The total emission of UnionPay cards in the world is more than 3 billion cards. Plastic cards issued by this payment system are accepted in 141 countries around the world. -15D -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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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