Baku, August 18, 2021. Bank Respublika, which has a strong focus on the development of digital banking in the country, and Hesab.az, a leader in the field of online payments, have brought a novelty in the field of Fintech.
Thus, the clients of Bank Respublika are now able to track their personal accounts and check transaction history on Hesab.az platform, via Open Banking service. Thanks to this innovation, the clients will receive information about their accounts in a completely secure mode through not only the bank’s digital platforms, but also non-banking platforms.
To benefit from Open Banking service presented for the first time in our country, the user needs to add information about his/her account in Bank Respublika through the website or mobile application Hesab.az
“We express deep gratitude to the GoldenPay team for creating new opportunities for our clients on Open Banking platform, first offered in our country by Bank Respublika. This is a very important step towards ensuring the access to financial services. I think, the introduction of Open Banking service, which is now set as a requirement of the European Central Bank for European banks, will soon be in widespread use in our country. Bank Respublika has long been working on the promotion and implementation of Open Banking platform. We gratefully acknowledge the tremendous contribution and support of the Central Bank of Azerbaijan towards the development of this sector. I believe that this project will expand our cooperation with Fintech companies and make great strides in the digital transformation of the country's financial sector. " - noted the Deputy Chairman of the Executive Board of the Bank Republic Elnur Hasanov.
On behalf of GoldenPay I can say that we feel delighted with the fact that for the first time our company was entrusted with the integration of Open Banking services on our platform, provided by Bank Respublika, one of the largest banks in the country. We have been actively involved in the implementation of online payments in Azerbaijan for over 14 years. Offering technological solutions through an online payment system, GoldenPay allows many banks and portals, as well as various businesses, to receive cash payments. Online services platform Hesab.az serves over 600,000 users, applying the latest technological innovations and participating in innovative projects. On behalf of the company, we would like to emphasize once again that by expanding our service capabilities as a result of this cooperation, we continue to operate not only as an online payment platform, but also as an online services platform. Breaking new grounds on the local market, we are confident that in the near future non-cash and, most importantly, online payments will grow faster, and global technological innovations will be more widely applied in our country. " - said the chairman of the Executive Board of GoldenPay Naina Mehdiyeva.
Hesab.az - GoldenPay, the largest online payments company in Azerbaijan, was founded in July 2007. the Company started operation upon completion of technical works and receipt of relevant licences from international payment systems such as Visa International and MasterCard. In April 2011, GoldenPay launched Hesab.az, the largest online services platform in Azerbaijan. Hesab.az users can pay for various utilities, mobile, internet, bank loans, online insurance and other services.
Bank Respublika was established in 1992 and has become one of the five leading banks of Azerbaijan. The Bank’s shareholders include 2 largest financial institutions of Germany: Investment Company DEG, a member of KfW banking group, and Sparkassen International Development Trust, a member of financial group Sparkassen-Finanzgruppe.
