Central Bank of Azerbaijan introduced the Instant Payment System in pilot mode

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12 Aug'2020

Central Bank of Azerbaijan introduced the Instant Payment System in pilot mode

12 August 2020, Baku:  Within the framework of the “State Program on Expansion of Digital Payments in the Republic of Azerbaijan in 2018-2020”, the Instant Payment System (IPS) implemented by the Central Bank was launched in pilot mode with the aim of introducing new digital payment technologies in the country and increasing access to payment services.

More information available here.