Cuzdan LLC Partners with PayTabs Group to Power Azerbaijan’s Digital Payments Future

Baku/Riyadh, 1 October 2025

Cuzdan LLC, one of Azerbaijan’s fast emerging financial institutions, today announced the rollout of its new nationwide payment orchestration platform.

Powered by PayTabs Group’s award-winning payment orchestration infrastructure, the platform is set to transform Azerbaijan’s payments landscape by enabling merchants and consumers to transact with greater speed, security, and convenience.

With this launch, Cuzdan takes a major step forward in its mission to foster the financial services ecosystem in Azerbaijan.

 By combining their strong corporate network in manufacturing, retail, and consumer finance with PayTabs’ technology backbone, Cuzdan is driving digital inclusion and economic growth across the country.

Through the new platform, merchants in Azerbaijan can onboard quickly, accept payments securely, and offer customers more choice in how they pay.

 Live pay-in and pay-out transactions are already running across the country, powered by Azerbaijan’s largest acquiring banks.

The collaboration will introduce several features, capabilities and innovative use-cases.

 As the enabling partner, PayTabs provides the AI-powered orchestration platform that underpins the rollout.

Together, Cuzdan and PayTabs are shaping a future where payments in Azerbaijan are faster, safer, and more accessible.

 This partnership represents a shared commitment to empowering businesses of every size and giving consumers greater choice and confidence in how they pay.

Via this milestone, Cuzdan is transforming Azerbaijan’s payments landscape by enabling SMEs to scale, corporates to streamline, and enterprises to innovate while giving consumers simpler access to secure digital payment services.

Mustafa Baltaci, CEO at 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 & 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.”

PayTabs Group CEO and founder, Abdulaziz Al Jouf added: “With this hallmark partnership, Azerbaijan officially becomes part of PayTabs’ operational map, reinforcing the Group’s mission to power every digital transaction across the GCC, Levant, North Africa and Central Asia.

 This partnership underscores a shared vision to advance digital payments, support financial inclusion, and fuel economic growth across Azerbaijan and the greater CIS region.”

About Cuzdan LLC

Cuzdan is a reliable and powerful payment and e-money services platform aimed at meeting the needs of consumers and entrepreneurs in Azerbaijan.

The main goal of Cuzdan is to make financial services fast, simple, accessible and convenient for users.

In addition to facilitating the use of various services in the field of digital payments for consumers, it aims to ensure simple and seamless implementation of loan and deposit payments.

 Combining secure technology in payment services with user-oriented services, Cuzdan enhances financial accessibility and convenience for individual users and entrepreneurs across the country.

Cuzdan LLC operates under the license No. EPT-014 of the Central Bank of the Republic of Azerbaijan dated September 25, 2024.

More milestones on https://cuzdan.az

About PayTabs Group

PayTabs is a payments infrastructure company providing exceptional solutions that are simple, secure, and scalable to drive local commerce and power financial inclusion across the region.

 It was founded by Saudi entrepreneur Abdulaziz Al Jouf in 2014, with a vision to power every digital transaction in the region.

PayTabs processes transactions in multiple currencies and markets, swiftly and securely.

By providing the infrastructure for B2B payment solutions, including digital invoicing for businesses, QR code, social media payments, point of sale and switching platforms, PayTabs facilitates seamless e-commerce and social commerce solutions for merchants, super merchants and governments.

For over a decade, PayTabs has custom built and exported a full stack of game changing solutions. These include mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the region.

In October 2024, PayTabs became the first in Arab World to be recognized as a top 100 Global Fintech Company, delivering payment technology designed and built in Saudi Arabia to the global fintech arena.

Today, PayTabs AI powered Orchestration platform allows businesses multiple layers of customization to become fully independent payment platforms, with their own design and branding, using ready-made, compliant technology. It’s a fully managed payment solution, including onboarding, transaction monitoring, and reporting, tailored to specific business needs.

 All engagement models are free from licensing requirements, offering flexibility and cost savings to businesses.

The PayTabs Consultancy Suite, offers AI-powered intelligence turning data into decisive action, transforming every payment into a driver of growth and profitability for multiple industries across the region.

PayTabs has dedicated offices in KSA, UAE, Egypt and presence in other locales including Jordan, and Kuwait. The company is an equal opportunities employer. More milestones on: https://paytabs.com/en/