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RESOLUTION OF BOARD OF CENTRAL BANK OF THE AZERBAIJAN REPUBLIC

of January 17, 2024 No. 02/1

About approval of "Procedure for the organization of work with payment agents"

Based on article 9.6 of the Law of the Azerbaijan Republic "About payment services and payment systems" and article 22.1.17 of the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic" the Board of the Central bank of the Azerbaijan Republic DECIDES:

1. Approve "Procedure for the organization of work with payment agents" it (is applied).

2. Charge to Legal department (Rena Melikova) in 3-day time to provide submission of this Resolution to the Ministry of Justice of the Azerbaijan Republic for entering into the State register of legal acts of the Azerbaijan Republic.

Chairman of the Central bank

Talekh Kazimov

Approved by the Resolution of Board of the Central bank of the Azerbaijan Republic of January 17, 2024 , No. 02/1

Procedure for the organization of work with payment agents

1. General provisions

1.1. This Procedure is developed according to article 9 of the Law of the Azerbaijan Republic "About payment services and payment systems" (further - the Law) and determines requirements to attraction by bank, payment institute and the organization of electronic money (further - the organization) in the territory of the Azerbaijan Republic the payment agent (further - the agent), to rendering payment services by the agent, including to conditions of the agreement signed with the agent.

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