Regulatory Alerts2025-12-23
Regulation on Maintaining Payment Operations and Payment Instruments
The Central Bank of the Republic of Azerbaijan issued this regulation to standardize payment operation procedures and establish comprehensive requirements for diverse payment instruments. It mandates strong customer authentication for remote transactions, defines maximum limits and criteria for electronic money and card-based instruments, and specifies precise execution rules for credit transfers and direct debiting. The framework further governs inter-provider settlements, including the Instant Payment System and AZQR code functionality, while ensuring strict compliance with anti-money laundering directives and foreign grant payment procedures.
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