CBA: Fintech strategy being prepared for Azerbaijan with IFC

The Central Bank of Azerbaijan (CBA) together with the International Finance Corporation (IFC) is developing a fintech strategy for 2024-2028, Kamala Gurbanova, Head of the payment systems department at CBA, said at the Azerbaijan-Türkiye Fintech Forum held in Baku.

She said that fintechs are one of the components of the project of sustainable development of the financial sector implemented by the Central Bank and McKinsey organization: "All these measures will support the increase of the demand and supply of fintechs in the country, and the training of new digitally capable personnel necessary for their development."