Central Bank hosts event dedicated to payment ecosystem digital transformation and development prospects

8 May 2026, Baku: The Central Bank held an event dedicated to the digital transformation and development prospects of the payment ecosystem. Representatives of banks and fintech organizations participated in the event.   During the event, the main topics of discussion included expanding the use of digital payment instruments, developing the Instant Payment System (IPS), AZQR payments, Open Banking solutions, and new opportunities for banks and fintechs. Presentations were given on current approaches, upcoming challenges, and development prospects in these areas.   During the presentations, the impact of QR and IPS payments on consumer payment behavior and the importance of...