Azerbaijani Banks Launch Electronic Money
The Central Bank of Azerbaijan has announced introduction of new «electronic money» tool by the country banks.
Head of the CBA Payment System and Calculations Department Kamala Gurbanova has reported that a number of commercial banks together with Communication and Information Technologies Ministry created platform for «electronic money».
«The banks are planning to introduce «electronic money» on pre-paid card basis",- K. Gurbanova noted.
She pointed out at local character of such cards and opportunity for their usage in trade service network, transport, etc.