Cuzdan, one of Azerbaijan’s emerging financial institutions, has announced the launch of its new nationwide payment orchestration platform, developed in collaboration with PayTabs.
Powered by PayTabs’ payment orchestration infrastructure, the platform aims to enhance the country’s payments landscape by enabling faster, more secure, and more convenient transactions for merchants and consumers.
The initiative marks a significant step in Cuzdan’s efforts to strengthen Azerbaijan’s financial services ecosystem.
By combining its established corporate network in manufacturing, retail, and consumer finance with PayTabs’ technology, Cuzdan seeks to promote digital inclusion and economic growth across the country.
Through the platform, merchants can onboard quickly, accept payments securely, and offer customers a wider range of payment options.
Live pay-in and pay-out transactions are already being processed across Azerbaijan, supported by the country’s largest acquiring banks.
The collaboration also introduces a range of new features and use cases, with PayTabs providing the AI-powered orchestration technology underpinning the system.
Mustafa Baltaci, CEO of Cuzdan, said:
“This is a proud moment for Cuzdan as we lead Azerbaijan’s transition into a more connected, digital economy. By partnering with PayTabs, we are serving the full spectrum of our economy, from neighbourhood shopkeepers to growing SMEs to major enterprises, with modern, secure payment solutions that drive growth and financial inclusion nationwide.”
Hany Soliman, Chief Growth and Development Officer at PayTabs Group, added:
“We are proud to power Cuzdan’s payments journey by providing the technology backbone for this nationwide rollout. Our role is to enable our trusted local partner to accelerate financial inclusion, support economic growth, and deliver world-class digital payment experiences to businesses and consumers in Azerbaijan.”
Featured image credit: PayTabs
