Regulatory Alerts2024-12-27
Guidelines on Payment Statistics Reporting
The Central Bank of the Republic of Azerbaijan issued these guidelines to standardize payment statistics reporting by banks, non-bank service providers, operators, and non-bank credit institutions. The framework mandates submission of six standardized forms detailing debit and credit card operations, overseas payment purposes, regional network distribution, card structure, turnover metrics, and customer account transfers. By establishing precise definitions for payment instruments, transaction types, and fraud categories, the regulations enable accurate monitoring of cash and cashless turnover to assess financial inclusion and coordinate payment service activities.
Share