payments
Central Bank Plans to Open Digital Ruble Accounts for Teenagers from Age 14
Digital ruble accounts are currently available to citizens aged 18 and over. The regulator is working to expand the age category to teenagers aged 14 to 18.
Azerbaijan's Insurance Market Grows 7.3% in Seven Months
In January-July, Azerbaijani insurance companies collected premiums of 1.006 billion manats, up 7.3% year-on-year.
Azerbaijan Introduces Limits on Card Top-Ups, with Exceptions for Business Cards
New rules restrict funds received on bank cards, but entrepreneurs with Birbank Sahibkar and Birbank Biznes cards are exempt from these restrictions.
Azerbaijan Completes August Pension Payments
The Ministry of Labor and Social Protection of Population of Azerbaijan has announced the completion of pension payments for August across all regions of the country.
Azerbaijan Begins August Pension Payments
The State Social Protection Fund of Azerbaijan has paid August pensions for Baku, Sumgait, and Absheron district, and completed payments in Nakhchivan.
Azerbaijan to Pay August Pensions on the 14th
The State Social Protection Fund of Azerbaijan will pay pensions on August 14 to residents of Baku, Sumgait, and the Absheron district.
Mastercard Appoints Yasemin Bedir as President of EEMEA Region
Mastercard has announced the appointment of Yasemin Bedir as President of the Eastern Europe, Middle East and Africa (EEMEA) region, effective September 1. She will also join the company's Management Committee.
NSPK Warns of Possible Online Payment Issues with Visa and Mastercard
NSPK reported potential problems with online payments using Visa and Mastercard after security certificate updates and recommended switching to Mir cards.
Mastercard Completes Acquisition of BVNK to Expand Digital Currency Capabilities
Mastercard has completed the acquisition of BVNK to integrate blockchain infrastructure and stablecoins into its global payment network.
Card-to-Card Transfer Limits Will Not Affect Citizens' Daily Operations
Introduction of limits on card-to-card transfers in Azerbaijan will not affect citizens' daily legitimate financial operations, according to an ABA expert.
Gulf States Back Iran's Plan to Collect Voluntary Payments from Ships in Strait of Hormuz
Gulf countries have endorsed a plan for Iran to collect voluntary payments from vessels transiting the Strait of Hormuz, aimed at resolving oil trade disruptions.
Azerbaijan Completes July Pension Payments
The Ministry of Labor and Social Protection of the Population of Azerbaijan announced the completion of pension payments for July.
Bir Ecosystem Announces Partnership with UnionPay International
Bir Ecosystem and UnionPay International have formed a strategic partnership to expand UnionPay card acceptance across Azerbaijan.