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Tiko Azerbaijan MMC Granted Electronic Money Institution License

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Tue 02 2025

Tiko Azerbaijan MMC Granted Electronic Money Institution License

The Central Bank of Azerbaijan has granted an Electronic Money Institution (E-Money Institution) license to Tiko Azerbaijan MMC. This license marks a significant step in the development of digital payment systems and the expansion of cashless transactions. According to the Central Bank's statement, this decision aims to strengthen the fintech ecosystem in the country, promote innovative financial solutions, and support the growth of the digital economy. With this license, Tiko Azerbaijan MMC will be able to provide users with more secure and convenient electronic payment services.