OREANDA-NEWS. December 28, 2009. Texnikabank, one of the most active participants of   the Azerbaijani plastic cards market, is finishing the process of creation of its own processing center.

The State Securities Committee registered issue of shares of Texkart OJSC, whose shareholder is Texnikabank.

It was registered 1,000 ordinary registered book-entry shares of Texkart with par value of 1,000 manats. The shares for 1 million manats will be placed by close placement method.

Earlier it was reported that at primary stage Texnikabank processing center will meet internal needs and in the future can launch rendering card processing services for other banks as well.

At present about 45,000 of plastic cards issued in Azerbaijan falls on the share of Texnikabank. The Bank is a principal member of Visa International and MasterCard international payment systems.

Currently Azerbaijan is numbering three processing centers: Azericard (property of the International Bank of Azerbaijan), Milli Kart (property of 18 banks), and Kapital Bank’s center.