BAKU, Azerbaijan, July 18. The Central Bank of Azerbaijan (CBA) has revoked the license granted to Kabox LLC to operate as a payment organization, Trend reports via the CBA.
Due to serious violations of the law identified in the activity, based on paragraphs 54.1.7 and 54.1.9 of the law "On payment services and payment systems", license No. OT-008 dated September 18, 2024, issued to Kabox LLC to operate as a payment organization, was revoked by the decision of the CBA Management Board dated July 17, 2025.
To note, the company was registered by the State Tax Service (under the Ministry of Economy) on May 23, 2024, with the authorized capital of 2.34 million manat ($1.38 million).
