The Central Bank of the Republic of Azerbaijan has revoked Kabox LLC's licence (OT-008, issued 18 September 2024) to operate as a payment institution, citing serious legal violations and relying on Articles 54.1.7 and 54.1.9 of the Law on Payment Services and Payment Systems, by a Board decision dated 17 July 2025.
Central Bank of the Republic of Azerbaijan 2025-07-18
Central Bank of the Republic of Azerbaijan revokes Kabox LLC's payment institution licence for serious legal violations
The Central Bank of the Republic of Azerbaijan has revoked Kabox LLC's licence to operate as a payment institution due to serious legal violations. The decision, based on Articles 54.1.7 and 54.1.9 of the Law on Payment Services and Payment Systems, was made by the Board on 17 July 2025.