Azerbaijan’s Central Bank officials discuss promoting financial sector innovation in Dushanbe

Azerbaijan’s Central Bank officials discuss promoting financial sector innovation in Dushanbe

Baku, October 30, AZERTAC

An Azerbaijani delegation led by Vusal Khalilov, Deputy Governor of the Central Bank of Azerbaijan, participated in the 4th Regional Meeting of Representatives of Central (National) Banks of Central Asian Countries and Azerbaijan on the Development of Payment Systems, held in Dushanbe.

Speaking at the meeting, Khalilov briefed participants on Azerbaijan’s initiatives to modernize its payment sector, enhance the resilience and operational efficiency of national payment infrastructure, and expand the use of advanced payment solutions. He also shared the country’s experience in integrating artificial intelligence into supervisory processes.

The Deputy Governor underscored the importance of stronger regional cooperation and knowledge-sharing in promoting the development and integration of payment systems and facilitating the introduction of innovative solutions.

Representatives of the central banks also highlighted initiatives to promote innovation in the financial sector, improve regulatory frameworks and advance data management.

The meeting focused on regional payment trends, modern financial technologies and the development of national payment systems. The participants agreed to establish a joint working group to explore the integration of payment systems and signed a protocol outlining future cooperation priorities.

Source: azertag.az