OREANDA-NEWS. June 16, 2010. Operation of monopoly for organization of mobile banking services is to cease in Azerbaijan.

Term of exclusive rights for mobile banking in the country is approaching to the end in 2010.

“The right belonged to Trust. Many organizations and first of all cellular operators are preparing in this connection their special programs concerning mobile banking development,” a source said.

These programs will relate to advance payment to personal account of mobile phone subscribers and an opportunity to pay goods and services within this advance payment.