OREANDA-NEWS. March 05, 2010. Informed sources told that Visa achieved arrangement with Azerbaijani banks on introduction of National Net Settlement System (NNSS) in the country.

“It is possible to expect that NNSS will be introduced in the nearest future,” a source informed. The Central Bank of Azerbaijan coordinates work in connection with NNSS.

NNSS does not require additional  certification from the banks.

NNSS includes settlements on Visa International cards in the country without additional converting manat/US dollar/manat and on commissions, which will be lower than international rates.

NNSS was introduced in Georgia, Kazakhstan, Ukraine and some other CIS countries.