On November 3, 2021, a memorandum of cooperation was signed between the Azerbaijan Banks Association and the Azerbaijan Fintech Association. On the basis of the memorandum, it is planned to establish closer business relations between the parties in the next years, to organize a joint conference, seminar and other events in the digital payments and fintech ecosystem, to carry out coordinated activities, especially on the development and security of the digital payment ecosystem, and to cooperate in other similar directions.