5 of the companies operating in the field of fintech in Azerbaijan have entered the markets of other countries, Chairman of the Azerbaijan Fintech Association Ruslan Talibov said at the Baku Fintech Forum 2023 event, Report informs.
According to him, there are already necessary conditions, including the law “On Payment Services and Payment Systems”, for fintech companies from other countries to enter the Azerbaijani market.
“After this law, serious progress is expected in the sector. At the moment, the Central Bank of Azerbaijan is preparing rules for licensing and is closely cooperating with us in this process,” he stressed.