CBA: Instant payment system will introduced next month

“The instant payment system developed by the Central Bank of Azerbaijan will be fully operational by the end of this year,” the head of the CBA’s department Kamala Gurbanova told Report.

“Next month, we will present this system to the public in banks selected for the pilot project. The instant payment system will be different from current methods and will allow the two sides to operate on a 7/24/365 basis,” she added.