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Electronic money and payment organizations get licenses in Azerbaijan for first time
Finance
- 23 May, 2024
- 12:22
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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