Central Bank plans to introduce instant payment system in Azerbaijan

Friday 8 March 2019 11:19 CET | News

The Central Bank of Azerbaijan has announced plans to introduce a system of instant payments in the country.

The director of the payment systems and settlements department of the CBA Kamala Gurbanova stated that the first stage of the instant payment system will be implemented by the end of 2019. Thanks to this system, individuals will be able to make payment without any cards by using a mobile number registered in the CBA, she added.

Moreover, she noted that this system will help to make payment within a few seconds and save time.

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Keywords: Central Bank, instant payment, Azerbaijan
Countries: World