BAKU, Azerbaijan, May 14. Three electronic money institutions in Azerbaijan have had their licenses revoked, Trend reports citing the Central Bank of Azerbaijan (CBA).
The affected companies are “Azvwallet” LLC, “Greentek Group” LLC and “Guavapay” LLC.
“In accordance with Protocol No. 22 of the Board of Directors of the Central Bank of the Republic of Azerbaijan dated May 13, 2026, and pursuant to Article 54.1.1 of the Law of the Republic of Azerbaijan ‘On Payment Services and Payment Systems,’ the licenses authorizing electronic money institution activities were canceled,” the CBA said in a statement.
The revoked licenses include:
- “Azvwallet” LLC — License No. EPT-019, issued April 09, 2025;
- “Greentek Group” LLC — License No. EPT-013, issued September 18, 2024;
- “Guavapay” LLC — License No. EPT-018, issued April 09, 2025.
