Kapital Bank and Visa expand Visa B2B Connect to Azerbaijan
Kapital Bank and Visa, a global leader in digital payments, have today announced that Visa B2B Connect is now live in Azerbaijan. Visa B2B Connect enables Kapital Bank and its corporate and business clients to send and receive corporate cross-border business-to-business (B2B) payments quickly, securely, and at a lower operational cost.
Visa B2B Connect addresses limitations in existing processes by significantly shortening funds settlement speed. The platform also increases visibility and predictability into the transaction flow, giving buyers and suppliers an opportunity to track the status of payments from the origin bank to the destination bank in near real time, improving and simplifying transaction accuracy, reconciliation and cash flows management.
Enhanced security and fraud protection are also key features embedded in this unique platform. With this innovative payment solution, Kapital Bank can strengthen local business and digital transformation of our country. Visa B2B Connect is currently available in more than 80 markets around the world.
Kapital Bank, the country's first bank, is part of PASHA Holding. Kapital Bank has the largest service network in Azerbaijan with 102 branches and 20 departments all over the country. For more detailed information about the Bank’s products and services, please refer to www.kapitalbank.az website, 196 Call Centre or the Bank’s various social network pages.