Azerbaijan central bank selects TietoEnator card system for national centre

Azerbaijan central bank selects TietoEnator card system for national centre

The National Bank of Azerbaijan has contracted with TietoEnator for the supply of a payment card system, which will be deployed at a new national processing centre.

The new national card processing centre will provide services to commercial banks across the Republic of Azerbaijan.

TietoEnator's EMV-compliant software covers the complete cycle of payment card processing, including issuing, acquiring, switching and clearing. The delivery will also include a risk management system.

Commenting on the new processing centre, Elman Rustamov, chairman of the board, National Bank of Azerbaijan, says: "This is one of the most important projects in the process of forming a modern payment system in Azerbaijan."

Maris Ozolins, SVP, banking and insurance, TietoEnator, says: "Supported by the state government and the World Bank, this project has all the pre-conditions to become an accelerator of the payment card business in Azerbaijan."

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