Instant payment system to be created in Azerbaijan
  • ECONOMY

  • 12:24 16 May 2019

Instant payment system to be created in Azerbaijan

Central Bank of Azerbaijan is fulfilling an activity on the creation project of the instant payment system, Alim Guliev, first deputy to the chairman of Central Bank of Azerbaijan Management Staff said today at “Finance and Technologies Forum” (“Fintex Forum”), ONA reports.

“Instant payment system is applied in 50 countries and as a result of the creation of that system in Azerbaijan, the calculation on mutual payment operation between natural persons, business structures and national bodies will conclude within 5-10 s, 7/24/365 frame”, A Guliyev said.

 

Faig Mahmudov

Tags: Azerbaijan Instant payment system

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