Visa International Payment Corporation is ready to support the Azerbaijani small and medium businesses in the transition to non-cash payments and the use of financial technologies, Cristina Doros, vice president and regional manager for Central Asia and Azerbaijan at Visa, said in an interview with Trend .
Adoption of the Visa B2B Connect solution
Doros said that Azerbaijan ranked first in CEMEA region (Eastern Europe, Africa and Asia), which includes almost 90 countries, which implemented the Visa B2B Connect solution.
“This non-card solution for big and corporate businesses is working upon the distributed ledger blockchain technologies,” regional manager said.
Doros added that the companies-exporters and companies-importers that conduct cross-border activity are able to make global interbank payments through this solution.
“We know that it is sometimes difficult to track a payment which is made through a big number of correspondent banks,” Doros said. “The business has a very convenient tool for making such transactions by using Visa B2B Connect.”
“We are very glad that Kapital Bank, our strategic partner in Azerbaijan, became the first bank which rendered this service,” regional manager said.
Doros said that Expressbank has also joined this project.
“A number of other banks in the country are also expected to join it,” regional manager said.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
