25 banks hooked to AZIPS

25 Azeri banks, including the state-owned Universal Joint Stock Bank (UJSB), are currently hooked to the international bank services system AZIPS, chairman of the UJSB Board of Directors Zakir Zeynalov told journalists Friday. Some foreign and commercial banks operating in Azerbaijan are also among the 25.

According to him, AZIPS, in Azerbaijan since mid-February, enables money transfers to any country of the world in just 15-30 seconds. So far, such stations are available in 8 UJSB branches in Baku, Ganja, Nakhchivan, Masalli, Guba, and Shaki. No more than $2,000 can be transferred.*