CBA issues mandatory instructions to three payment organisations that violate capital requirements

The Central Bank of Azerbaijan (CBA) has issued mandatory instructions to 'Cibpay', 'PulPal' and 'MAX Sistemleri Plus' in accordance with the Law on 'Payment Services and Payment Systems'.This is reported on the Central Bank's website. As a result of the CBA's investigations, it was found that these companies violated the requirements regarding the minimum limit of total capital as set forth in the &lsqu...

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