Representatives of the Azerbaijan Fintech Association held a meeting with Mr. Vusal Khalilov, Deputy Chairman of the Central Bank of the Republic of Azerbaijan. The meeting focused on reviewing the performance of the fintech ecosystem in the first quarter of the year and discussing the sector's development priorities. During the discussion, special attention was given to the creation of a risk-based supervisory framework for payment service providers, initiatives to enhance the security of payment systems, and addressing key challenges and opportunities for the sustainable development of the fintech sector.

Such constructive discussions contribute to establishing a balance between regulation and innovation in the fintech industry while also taking into account the expectations of market participants. As AzFina, we remain committed to actively engaging in initiatives that support the advancement of the sector.