Scope of Instant Payments System further expanded

31-10-2024

Baku, 31 October 2024: The Central Bank continues to expand the scope of the Instant Payments System (IPS), increasing the range of digital solutions available to users.

As a result of the next successful integration work, the possibility of making a transfer with IPS has been added to the range of mobile and Internet banking services of Ziraat Bank Azerbaijan OJSC. This functionality enabled Ziraat Bank Azerbaijan OJSC's corporate and individual customers to easily and within seconds remit funds to any other bank's customers registered in IPS, using their mobile phone number or other simplified identification. At the same time, users registering their accounts in the IPS through these channels will be able to receive transfers from the customers of Ziraat Bank Azerbaijan OJSC and other banks using their mobile phone number, PIN code of the ID card or other simplified identifiers.