Azerbaijan will launch online money transfer service with Turkey

Azerbaijan will launch online money transfer service with Turkey
# 22 May 2009 16:11 (UTC +04:00)
Baku. Aynur Veliyeva – APA-Economics. Azeri Post is testing an online platform for electronic money transfer between Azerbaijan and Turkey.

Azeri Post said money transfers with Turkey had been carried out by fax.

zerbaijan has money transfer with Russia, Ukraine, Moldova, Belarus, Kazakhstan, United Arab Emirates) through MTF/STEFI.

Azerbaijan has also agreed with Tajikistan and Uzbekistan to have electronic transfer of money transfers as soon as these countries install network supporting this technology.

The Secured Transfer of Electronic Financial Information (STEFI) is new software intended to complement the IFS family.
The IFS is a complete system integrating all the functionalities for processing and transmitting international electronic money orders, including accounting and settlement procedures as defined in the UPU agreements.
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THE OPERATION IS BEING PERFORMED