Photo: Central Bank of Azerbaijan

BAKU, Azerbaijan, April 3. The stage of improving the national payment infrastructure in Azerbaijan has been successfully completed, and international integration opportunities are being considered as a strategic direction, Director of the Department of Policy and Supervision on Payment Services and Payment Systems at the Central Bank of Azerbaijan (CBA), Kamala Gurbanova, said at an international event on the theme "Collective power: sustainability and development in a changing world," held in Kuala Lumpur, Malaysia, Trend reports.

Gurbanova spoke at a panel discussion organized within the framework of the "Payments and Innovation" direction of the forum on the topic "Real-time international payments as a catalyst for regional integration." She noted the importance of joint efforts in a changing global environment and the role of domestic payment infrastructure in establishing intercountry payment relations, as well as the importance of applying international standards.

The director pointed out that the stage of improving the national payment infrastructure in Azerbaijan has been successfully completed, and international integration opportunities are currently being considered as a strategic direction. Gurbanova briefed on the latest measures taken to expand the instant payment system in the country, including improving the legislative framework and implementing a single QR standard.

The forum organized by the Central Bank played an important international role as a platform for the exchange of experiences between central banks, the real-time execution of international payments, and the discussion of issues related to expanding financial inclusion.

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