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"United Payment" LLC became one of the companies that received the first Electronic Money Institution license in the country

Cəmil Hüseynzadə
23 May 2024 15:17
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"United Payment" LLC became one of the companies that received the first Electronic Money Institution license in the country

According to the Law of the Republic of Azerbaijan on Payment Services and Payment Systems, United Payment LLC was one of the companies that received the first Electronic Money Institutions license in accordance with the relevant requirements of the Central Bank of the Republic of Azerbaijan. "United Payment" was founded in Azerbaijan in 2020 and registered as a Payment aggregator and started e-commerce activities in 2021. Besides, from January 2022, it started providing the service of supplying international payments from Turkey to Azerbaijan, and then continued to provide the service of international payments to Azerbaijan from other countries. With 2,850,000 Manat fully paid-up Charter Capital, as a fintech organization with the largest charter capital in the country, it is operating in the direction of increasing the country's financial inclusion, expanding digital payment channels and developing cashless payment habits.
After receiving the Electronic Money Authority license, "United Payment" LLC will be the first to offer the popular mobile application "TURAN" to the service of payment service users in Turkey. In the next stages, the brother plans to provide stable and secure electronic money (electronic wallet) services to other economic entities with the FaaS (fintech as a service) model, in accordance with the successful experience of Turkey and the direction of the Central Bank of the Republic of Azerbaijan. With this, it will contribute to the expansion of new payment instruments and the development of cashless settlements in Azerbaijan by providing sustainable, innovative and safe financial technology solutions managed in prudential frameworks to other corporate clients.

List of services provided by United Payment LLC:

  • Opening your specially prepared payment page directly from your website or mobile application and making payments and credit payments from that page
  • Receiving payments and credit payments through all types of local and foreign bank cards through an API (technical integration). 
  • Return of funds by sending Cash by Code (code by SMS) to the account of the desired bank card or to the mobile number of your client who does not have a card 
  • Ability to receive payment and credit payments through all Payment Terminals (Milli Front, E-manat, Kassam, ExpressPay and Katech) and electronic wallets (E-pul, Portmanat, etc.)
  • The ability to save any bank card in your customer profile (so the customer does not enter new card data during the next payment)
  • Possibility of full or partial refund (Refund and Partial refund)
  • Recurring (subscription) payment options 
  • Ensuring the operation of a fully secure payment platform
  • Very convenient payment option through the Pay By Link service, through any communication channel, without any technical integration (SMS, WhatsApp, Telegram, Social Media channels, Mail, etc.)
  • Ability to pay with QR Code
  • Ability to integrate Woocommerce plugin
  • Possibility of payment through the preauthorization method (deducting a certain amount and then deducting the amount used, returning the remaining part to the customer)
  • Accountability and payment management from a customer profile created for you, either through the WEB or through the Mobile Application
  • Financial commitments and all accountability provided by us
  • 24/7 customer service by our professional team 
  • Mobile POS service (TapToPhone) service (there will be no need to carry POS terminals anymore during the settlement of direct transactions)

To benefit from our services, it is enough to call +994512016926, +994124880838 or write an email to [email protected].

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