There has been a large focus on how financial institutions are responding to the COVID-19 pandemic; however, much of that focus has been of the financial services they are offering …
Read More »Internet of things laboratory to be set up in Azerbaijan
Azerbaijan’s Ministry of Transport, Communications and High Technologies has signed a memorandum of understanding with Microsoft Azerbaijan for the creation of an internet of things (IoT) laboratory. The laboratory, which …
Read More »Azerbaijan updates cryptographic keys
Azerbaijan has announced the replacement of cryptographic keys that serve as protection for domain name systems (DNS). Cryptographic keys, first introduced in 2010, are responsible for the security and integrity …
Read More »Azerbaijan developing national cybersecurity strategy
The government of Azerbaijan has announced the development of a national cybersecurity strategy. The strategy, an initiative of the Ministry of Transport, Communications and High Technologies, envisages setting up a …
Read More »Pasha Bank recognized as leading bank in non-cash payments
Pasha Bank has been recognized as the leading bank in the field of non-cash payments in Azerbaijan. Currently, 90% of payment transactions and currency exchange operations conducted by legal entity …
Read More »PASHA Bank offers parking payment service via its mobile application
For the first time in Azerbaijan, PASHA Bank is offering consumers the opportunity to pay for parking via a mobile application. To pay for parking in this way, customers need …
Read More »Baku to host Finance and Investment Forum 2018
Baku is set to host the second Finance and Investment Forum (FIF 2018) on May 5, 2018. The forum will last for 3 days and will feature 12 local and …
Read More »Pasha Bank to introduce mobile e-signature capabilities
Pasha Bank will become the first in Azerbaijan to introduce the Asan Imza electronic certificate. This e-certificate will act as a mobile e-signature, allowing customers to verify their identity electronically …
Read More »Azerbaijani business sector using artificial intelligence
The Azerbaijani business sector is exploring the use of BotBox Artificial Intelligence. Currently, the artificial intelligence service is being tested in the public sphere by an insurance company and a …
Read More »Cryptocurrency legislation may make Azerbaijan a world cryptocurrency leader
Maryam Tagiyeva, the chief system architect of the British Research Center for Citizenship, Enterprise and Governance (CCEG), believes that Azerbaijan is in a position to become the world leader in …
Read More »Azerbaijan considering mutual recognition of e-signatures
The Ministry of Transport, Communication and High Technologies of Azerbaijan is negotiating the mutual recognition of signatures with Iran, Qatar, Turkey and Ukraine. Azerbaijan has also signed an agreement with …
Read More »Non-cash payments up 33% in Azerbaijan
Between January and August of this year, cashless payments amounting to AZN 696 million were carried out in Azerbaijan via POS terminals. This represents a 33% increase (AZN 173 million) …
Read More »New project to boost access to digital finance
The ‘Electronic and Digital Financial Services’ project is being launched by the International Finance Corporation (IFC) to boost financial inclusion in Azerbaijan by improving access to digital financial services for …
Read More »E-mortgage system launched in Azerbaijan
The government of Azerbaijan has completed the integration of an e-mortgage system, the Azerbaijani Mortgage Fund (AMF), into its e-government portal. This means that, as of August 1, 2017, it …
Read More »Credit debt information to be hosted on e-government portal
Azerbaijan’s Cabinet of Ministers has amended the Instruction on the Rules of Notary Movements to allow negative credit histories of citizens to be published on an e-government portal. Detailed information …
Read More »Silk Way Bank facilitating VAT refunds using a mobile app
Silk Way Bank in Azerbaijan has launched a new mobile app called TaxFree4U. The app facilitates the process of refunding VAT after travelling to European countries, specifically Italy, Spain, France, …
Read More »VTB Bank launches online reservation system for services
In order to save clients time, VTB bank is launching a convenient online service for clients to book a time slot before coming to the bank. A client only needs …
Read More »New e-platform encourages trade between Azerbaijani, Georgian, and Turkish SMEs
Beginning in May 2017, small- and medium-sized enterprises (SMEs) from Azerbaijan, Georgia and Turkey will be able to participate in a single online trading platform. The new e-platform is aimed …
Read More »The changing landscape of banking — mobile banking “swallows” traditional banking
The development of new mobile banking applications on a nearly daily basis and the younger generation’s preference for digital banking is causing drastic changes in the banking industry. For several …
Read More »New version of Unibank Mobile has been launched
Unibank has launched a new version of its Unibank Mobile application for iOS and Android tablets. This last version adds few more functionalities to the previous version. Now the application …
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