Instant payment system will be launched next month in Azerbaijan

# 12:30
30 July 2020

"We will introduce the Instant Payment System to the public in August," Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov said at the press conference held today, APA reports.

It was noted that it will allow to implement payments instantly and 7/24. Citizens will be allowed to access their accounts at any time of the day.

The chairman of the Central Bank Elman Rustamov has noted at the press conference that the extension of term of the draft law on full insurance of deposits is not discussed yet.