International Bank of Azerbaijan among top banks in development of e-commerce

International Bank of Azerbaijan (IBA) has been nominated for the ‘Bank-Leader in e-Commerce Development’ award and the ‘Bank-Leader in Infrastructure on Contactless POS-Terminals’ award. The awards are part of a competition held by the Azerbaijan Central Bank.

By developing its e-commerce infrastructure, IBA is promoting the expansion of non-cash payments in Azerbaijan. Currently, IBA has more than 1.3 million active plastic cards and maintains 763 ATMs all over the country, the largest in Azerbaijan. The bank has also installed 11,300 POS-terminals in different trade and service points throughout the country.