So far more than 20 companies providing payment services have applied for a licence to the Central Bank of Azerbaijan (CBA). This was stated by CBA First Deputy Chairman Rashad Orujev at the summit on financial technologies (‘Fintex Summit-2024’) in Baku. ‘The issue of licensing is on the agenda. By the end of this month we will start issuing licences to companies that meet the requirements,’ he said. Recall that...

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