BAKU, Azerbaijan, October 9. Azerbaijan,
Türkiye, Kazakhstan, Kyrgyzstan, and Uzbekistan have signed a
memorandum of understanding to establish the Fintech Alliance of
Turkic States, Trend reports via the Azerbaijan Fintech Association’s
statement.
According to the statement, the memorandum outlines closer
cooperation, exchange of experience, and implementation of joint
projects in areas such as the development of financial
technologies, legislation and regulation in this sector,
enhancement of financial inclusion, support for the startup
ecosystem, facilitation of international payments and transfers,
cybersecurity, and several other fields.
“We believe that the Fintech Alliance of Turkic States
established today will make a positive contribution to
strengthening the fintech sector in all fraternal countries and
foster faster development of regional cooperation,” the statement
said.
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