Electronic money and payment organizations get licenses in Azerbaijan for first time

Kanan Sadigov
Post's author

Following the decision of the Board of the Central Bank of Azerbaijan (CBA) dated May 16, 2024, A-Solutions LLC and United Payment LLC are granted the right to operate as an electronic money organization, Report informs, citing the bank.

Meanwhile, Token Azerbaijan LLC received a license to operate as a payment organization.

According to the bank, the licenses were issued under the law On Payment Services and Payment Systems.

Other organizations that have applied for a license are currently being evaluated.

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