BAKU, Azerbaijan, June 21. Visa cooperates not only with banks, fintechs, and financial institutions, but also with regulatory authorities and government agencies in Azerbaijan, senior director and regional manager of Visa in Azerbaijan Nurlan Hajiyev told Trend.
“We are proud of the successful partnerships that we have been able to form: for example, with the National Olympic Committee of Azerbaijan. As part of the upcoming Summer Olympic Games, Visa will be one of the main partners of our Olympic team, which we are very proud of. We believe that our athletes who will be in Paris this year will be able to hit it out of the park and even raise the bar, proving that Azerbaijan is a force to be reckoned with in the world of sports,” he said.
According to Hajiyev, Visa also cooperates with the Education Development Fund under the Ministry of Education and Science of Azerbaijan.
“In March, during our Visa Cashless Forum, we announced our partnership for the first time and are actively collaborating in various areas, including social initiatives,” said the senior director of Visa.
He also emphasized that the Central Bank of Azerbaijan is one of Visa’s key partners in the local market.
“We have many joint projects and events with the Central Bank. Thanks to our partnership, the Visa Token Service was introduced. Also, with the support of the Central Bank, a transport project on the railways was launched. Together with it, we worked on the implementation of Tap to Phone, a technology that turns an Android smartphone into a POS terminal.
We have recently implemented a program to improve financial literacy among schoolchildren. We also conducted seminars for the Central Bank on various areas, including payment security. Our partnership with the Central Bank is only growing stronger, and we are always happy to support initiatives for the development of digital payments in Azerbaijan,” Hajiyev emphasized.
To note, Visa (NYSE: V) is the global leader in the digital payments industry. Visa processes payment transactions between consumers, businesses, and financial and government institutions in more than 200 countries and territories. Visa's mission is to unite the world through an innovative, convenient, reliable, and secure payment network to promote consumer well-being and business and economic prosperity.
