• $
  • £

akart became the first fintech solution to receive a license from Central Bank of Azerbaijan

akart became the first fintech solution to receive a license from Central Bank of Azerbaijan
06.06.2024 15:40
The Central Bank of the Republic of Azerbaijan has granted a license to "A-Solutions" LLC to operate as an electronic money issuer. It should be noted that majority shareholder of the institution is Azercell Telecom LLC. Thus, akart which combines banking operations with mobile connectivity capabilities for the first time in the country's telecommunications sector became the first fintech solution to receive this license.

It should be noted that this unique product enables customers to conveniently perform cashless transactions and payments, facilitating quick money transfers from card to card, payment of utility bills, and other operations. Additionally, "akart” offers advantages such as contactless payment via Apple Pay and Google Pay, cashback up to 100 AZN per month, up to 10 GB bonus data per month, an expanding partner network with special offers, and a host of other benefits.
Overall, the virtual card serves as a convenient and cost-effective solution for online banking for customers with limited access to traditional banking services. The aim of the solution is to promote cashless payments among the population through "akart”, simplifying access to financial services in Azerbaijan and fostering the development of the digital ecosystem.

www.anews.az
Similar news
Similar news
Azerbaijan’s ABB bank weighs $300-500 million Eurobond issue
Business 19:52
Azerbaijan’s ABB bank weighs $300-500 million Eurobond issue
SOCAR completes acquisition of 99.82% stake in Italy’s Italiana Petroli
Business 19:40
SOCAR completes acquisition of 99.82% stake in Italy’s Italiana Petroli
Chinese-crewed tanker attacked in Strait of Hormuz
Business 17:30
Chinese-crewed tanker attacked in Strait of Hormuz
Azerbaijani parliament to discuss eight issues on May 12
Business 17:00
Azerbaijani parliament to discuss eight issues on May 12
Azeri Light crude falls to $105.55 per barrel
Business 16:00
Azeri Light crude falls to $105.55 per barrel
New BP chief to make first visit to Baku this year
Business 15:27
New BP chief to make first visit to Baku this year
Azerbaijan demands explanation from Russia over map showing “Nagorno-Karabakh”
Political News 14:04
Azerbaijan demands explanation from Russia over map showing “Nagorno-Karabakh”
ABB plans to enter Uzbek market
Business 12:27
ABB plans to enter Uzbek market
Azerbaijan keeps dollar rate unchanged at 1.7 manats
Business 11:30
Azerbaijan keeps dollar rate unchanged at 1.7 manats
Anews TV

Our official Youtube channel

Subscribe