Customers of "Bank of Baku", as part of the bank's cooperation with the national payment system "MilliON", will be able to pay off credit debt through terminals "MilliON"; 1,100 payment terminals function at present in different parts of the country.
Payment via credit "MilliON" is posisble within seconds, and the rules of use are very simple; the terminal monitor displays all written and visual instructions and information. To pay for the loan, you must first press the icon "Banking", select the "Bank of Baku", enter the account number and ID number, note the type of currency (AZN / USD), in which the payment will be made, and then make money in terminal and get a check.
Today, payment terminals "MilliON" installed in various public places in the capital and regions of the country. Payments are not subject to the commission.
Through terminal "MilliON" it is posible to pay for bills for electricity, gas, water, landline phone, mobile phone top-up of mobile operators, cable TV operators and Internet service providers.
Additional information: Information Centre "Bank of Baku" 145 and hotline "MilliON" * 0010. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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