Finance
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The Central Bank of Azerbaijan (CBA) has granted 'Tiko Azerbaijan' a licence to operate as an e-money institution.This is reported on the CBA website. The information says that the licence was issued in accordance with the 'Law on Payment Services and Payment Systems'.
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‘Azerbaijan Credit Bureau’ (ACB) has been operating for more than 7 years, but has not yet published its financial reports.
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A non-bank credit organization (NBCO) "For Finance" has been registered in Azerbaijan.
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The financial sector of Azerbaijan seeks to move from traditional channels to digital mediation in order to expand the availability and depth of financing.
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