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Central Bank Grants License to "Azvvallet" LLC for Electronic Money Institution Activities

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Tue 06 2025

Central Bank Grants License to "Azvvallet" LLC for Electronic Money Institution Activities

17 June 2025, Baku: Based on the Law of the Republic of Azerbaijan "On Payment Services and Payment Systems," the Central Bank has completed the evaluation of organizations that applied for a license to provide payment services. As part of the work carried out in this direction, by the Decision of the Central Bank's Board of Directors, "Azvvallet" LLC has been granted a permanent license authorizing it to conduct electronic money institution activities.