NBCOs in Azerbaijan received permission to issue credit cards

Azerbaijani President Ilham Aliyev has signed a decree on the implementation of the law dated July 6, 2023, on amendments to the law “On non-bank credit organizations“.

Azərbaycanda BOKT-lara kredit kartı buraxmaq səlahiyyəti verilib

Thanks to the updated law, the NBCO was allowed to issue credit cards.

The Central Bank of Azerbaijan must approve the procedure for opening and maintaining payment accounts, as well as issuing credit cards within 6 months, and inform the head of state about it.

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