Developments in Azerbaijani e-commerce

In Azerbaijan an agreement was signed by International Bank of Azerbaijan’s (IBA) and Nar Mobile to allow customers to pay for mobile services of Azerfon which is a brand of Nar Mobile via instruments provided by the bank. The initiative is one in the line of numerous bank projects in e-banking sector.

Thus customers can make payments with cards in more than 580 cash machines and 69 information kiosks of the Bank and via Internet Banking system.

“The IBA continues range of e-banking services, including such services as charge for fixed telephone communications (Aztelekom), mobile services of Azercell, Bakcell and now Nar Mobile, payment of bills for electricity, system of money transfers CardTransfer, and also payment of insurance fees of International Insurance Company,” reported the bank.

In addition bank offers mobile banking services in cooperation with Azercell. Using the service subscribers can pay their bills for electricity, Azercell mobile services and check balance of their card account.