OREANDA-NEWS. December 02, 2014. The International Bank of Azerbaijan OJSC will accept Union Pay payment cards in its ATM and POS-terminals network.

According to Elmir Khabibullayev, IBA General Director, as a result, the bank customers will get access to services of 5 payment systems, while other banks are working with maximum 4 systems.

“Until today the International Bank accepted Visa, MasterCard, American Express and Diner’s Club cards. Now the bank will also accept Union Pay cards, thus opening new possibilities for card business expansion. IBA is not going to stop at this level. It has already received required permissions and starting from the next quarter we will issue Union Pay cards”, - Khabibullayev said.

In his words, use of new payment systems is a strategic goal of IBA taking into account international events held in Azerbaijan.