Term for licensing of payment market participants expires in Azerbaijan

The 6-month term set by the Central Bank of Azerbaijan (CBA) for licensing of companies providing payment services has expired. Recall that the Law ‘"On Payment Services and Payment Systems" came into force on 9 November last year. After that, within 6 months, participants of the payment market had to obtain a licence. However, the CBA has not yet published information about the issuance of a licence to any company. No secti...

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