Azerbaijan may introduce state duties in payment services and systems sector

It has been proposed to establish a state duty of 2,000 manats ($1,176) in Azerbaijan for payment organizations wishing to work in the field of payment services and systems, Report informs referring to the draft amendments to the law “On State Duty.”

In addition, it was proposed to establish a duty in the amount of 3,000 manats ($1,764) for organizations involved in electronic money, and for operators in the amount of 2,500 manats ($1,470).