Azerbaijan sets new duties for payment services and payment systems

Tokyo, 26 December, /AJMEDIA/

President of Azerbaijan Ilham Aliyev has signed a law on amendments to certain laws in connection with the implementation of the law “On payment services and payment systems”, AJMEDIA reports.

Article 22.0.34-2 was added to the law “On State Duty” in this regard.

According to the law, a payment organization wishing to work in the field of payment services and payment systems in Azerbaijan to pay a state duty in the amount of 2,000 manat or $1,176.

In addition, an e-money organization wishing to operate in the field of payment services and payment systems to pay a fee of 3,000 manat or $1,764, and an operator to pay a fee of 2,500 manat or $1,470.

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