The Central Bank of the Republic of Azerbaijan has issued “Tiko Azərbaycan” LLC with an indefinite licence to operate as an electronic money institution. The licence was granted by a decision of the Central Bank’s Board dated 10 December 2024 under Azerbaijan’s Law on Payment Services and Payment Systems. Assessment of other organisations that have applied for payment services licences is ongoing, and information on issued licences is published on the Central Bank’s website.
Central Bank of the Republic of Azerbaijan 2025-02-11
Central Bank of the Republic of Azerbaijan grants an indefinite electronic money institution licence to Tiko Azerbaijan
The Central Bank of the Republic of Azerbaijan has granted “Tiko Azərbaycan” LLC an indefinite licence to operate as an electronic money institution under the Law on Payment Services and Payment Systems. The decision was made by the Central Bank’s Board on 10 December 2024. Evaluation of other payment services licence applications is ongoing.