The Central Bank of Azerbaijan and International Financial Corporation have signed an agreement under the project on ‘Electronic and digital financial services in Azerbaijan, the bank’s press service reported on August 11.
The project envisages the creation of a regulatory framework for access to banking products and services, the development of a road map for the application of the open banking approach, the operation of the Instant Payment System, as well as access to banking products and services.
The joint cooperation aims to create a special regime of normative testing, which will allow banks and enterprises to test innovative financial services and products.
Continue read: https://menafn.com/1100622876/Central-Bank-IFC-launches-new-project-on-electronic-financial-services
