Cuzdan LLC, which aims to accelerate the development of Azerbaijan, today announced the launch of a new payment services platform. Built on the basis of the global award-winning payment services infrastructure of PayTabs Group, this platform is ready to change the payment ecosystem of Azerbaijan by enabling entrepreneurs and consumers to carry out faster, safer and more convenient payment transactions. With this launch, Cuzdan plans to take an important step in its mission to develop the financial services ecosystem in Azerbaijan. Combining its strong corporate partners in the fields of manufacturing, retail and consumer financing with PayTabs technology, Cuzdan will support digital inclusion and economic growth across the country.
Through the new platform, entrepreneurs will be able to quickly connect to the system, accept payments securely and offer more payment options to their customers. “Payment acceptance” and “payment transfers” operations are now being carried out in a live environment through leading banks across the country. Within the framework of the cooperation, it is planned to apply various functionalities, capabilities and innovative approaches based on international fintech practices. As the main partner of this project, PayTabs ensures sustainability with its multi-functional platform powered by artificial intelligence. Together, Cuzdan and PayTabs plan to form an ecosystem where payments are faster, safer and more accessible in the Azerbaijani market. With the Cuzdan payment service platform, innovation in digital payments is prioritized - solutions are provided that support the growth of SMEs, strengthen large enterprises and provide consumers with easier access to modern financial services.
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Mustafa Baltacı, CEO of Cuzdan: "It is a proud moment for Cuzdan that we have played a role in Azerbaijan's transition to a stronger, digital economy. By partnering with PayTabs, we plan to serve the entire spectrum of payment services - from small entrepreneurs to entrepreneurial entities aiming for growth, to large enterprises - with modern, secure payment solutions that ensure growth and financial inclusion across the country."
Hany Soliman, Chief Development Officer of PayTabs Group, added: "We are proud to enhance the payment journey of the Wallet by providing the technology for payment services to be launched nationwide. Our role is to accelerate the development of our trusted local partner in the field of payment services and deliver world-class digital payment experiences to businesses and consumers in Azerbaijan."
Abdulaziz Al Jouf, Chief Executive Officer and Founder of PayTabs Group: "With this partnership, Azerbaijan officially becomes part of PayTabs' operational map and strengthens the company's mission to support every digital transaction across the Gulf, Levant, North Africa and Central Asia. This partnership underscores the overall vision to develop digital payments in Azerbaijan, support the sector and drive significant economic growth in the CIS."
