payment market

The Central Bank of Azerbaijan (CBA) in the accordance with the Law ‘On Payment Services and Payment Systems’ has set a requirement for licensed organisations to undergo an audit from 2025.

One of the main initiatives of the Central Bank of Azerbaijan (CBA) is modernisation of the regulatory framework of payment systems with the introduction of risk-based control.This was announced by СB...

The 6-month term set by the Central Bank of Azerbaijan (CBA) for licensing of companies providing payment services has expired.