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By Ayya Lmahamad
Google Pay providers might be launched in Azerbaijan within the close to
future, Central Financial institution (CBA) Govt Director Farid Osmanov mentioned at
a press convention, Azernews reviews.
“Apple Pay cost service has already been launched as a part of
CBA initiatives, and Google Pay providers will even be launched in
the close to future,” he mentioned.
He emphasised that the financial institution is continually engaged on increasing
monetary inclusion and rising the provision of monetary
providers.
“Mandatory steps are being taken to enhance providers of the
nation’s monetary establishments, in addition to to create a
aggressive setting involving worldwide organizations,” he
mentioned.
Revolut getting into the Azerbaijani market
Osmanov talked about that CBA is negotiating with the UK-based
Revolut fintech firm, which eyes getting into the Azerbaijani
market.
He famous that the Central Financial institution and Revolut mentioned the
firm’s intention to offer cash switch providers in
Azerbaijan.
“In case the ultimate choices are made, the Central Financial institution will
present additional data,” he mentioned.
On-line gross sales within the securities market
Talking on the convention, CBA Governor Taleh Kazimov said
that the financial institution is negotiating with a number of funding firms to
set up on-line gross sales within the securities market.
“The general public might be later supplied with detailed data.
Neighboring international locations are actively bettering the worldwide
expertise on this regard, and want to see digital shares and
bonds purchased and bought on the securities market,” he mentioned.
AZN-USD change fee
“No adjustments are anticipated within the change fee coverage of
Azerbaijani manat in opposition to the U.S. greenback till the tip of 2022,”
Kazimov mentioned.
He famous that at the moment, the financial institution has no expectations to vary
the Azerbaijani manat fee by the tip of the 12 months, contemplating the
surplus within the stability of funds and a pointy decline in demand at
overseas change auctions.
Kazimov added that the quantity of present purchases of money
foreign money by banks from the inhabitants exceeds its gross sales.
“The inhabitants sells extra overseas foreign money than it purchases.
The expansion in cash transfers to Azerbaijan has additionally constructive
impression on the state of affairs,” he concluded.
—
Ayya Lmahamad is AzerNews’ workers journalist, comply with her on
Twitter: @AyyaLmahamad
Observe us on Twitter
@AzerNewsAz
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