International Bank of Azerbaijan – leader in development of e-commerce

The International Bank of Azerbaijan (IBA) has won in the nomination "Bank-leader in development of e-commerce" in a contest held by the Central Bank according to the results of 2015, the bank said April 28.

The IBA is also among top banks in two other nominations - "Bank-leader in contactless payment cards" and "Bank-leader in infrastructure on contactless POS-terminals".

The IBA network provided 2 231 816 e-commerce transactions totaled 51,87 million manats. Some 1 609 684 of them were made through ATM network, 24 750 - Internet banking, 757 - kiosks, 596 625 - Mobile Banking service.

By developing its e-commerce infrastructure the IBA tries to promote the expansion of non-cash payments in the country. Currently, the number of active plastic cards emitted by the IBA is 1 248 745 and 737 ATMs are installed all over the country. This ATM network is the largest in Azerbaijan. Also, the bank installed more than 11 000 POS-terminals in different trade and service points.

The IBA started emission of VISA PayWave and MasterCard PayPass contactless payment cards for the first time in Azerbaijan in 2013.

For more information on products and services of the IBA, please visit the official website www.ibar.az, any of 35 branches and 43 sub branches of the bank, or call the Information Center by number (012) 937 and *2265.

Source: Trend

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