Baku, Finance Time. Visa Inc. (NYSE:V) and Kapital Bankpresented in Azerbaijan an innovative banking product which is unparalleled in the CIS and South-Eastern Europe countries and combines two full-fledged Visa cards –a debit card and a credit card, known as Dual Card. It is very convenient payment product as one card can be used for all transactions. Azerbaijan becomes the first country in the CIS andSouth-Eastern Europe region, where this innovative product has been launched.

Visa Dual Card from Kapital Bank has a single chip, as with many other bank issued cards in Azerbaijan. The difference is that the built-in chip contains the data of two cards or underlying accounts –both debit and credit. Each card account has its own number indicated on the front of the card. When making a payment, the consumer chooses which cardthey would like to access.   The POS-terminal at the point-of-sale or the ATM reads the data from the chip and offers the consumerthe choice of which account should be debited for their transaction.

"Our innovative product Visa Dual Card, which we have jointly launched with Kapital Bank in Azerbaijan, is a new approachto a traditional banking product. Its development is the result of bringing innovation to produce high-end card solution that meets the market needs" - comments Igor Kovaliov, Visa country manager for Azerbaijan, Belarus and Moldova. - Azerbaijan became the first country in the region, where we are launching this innovative product. I hope that the consumers will see the benefits of this combined product to facilitate electronic payments for all transaction types in Azerbaijan. We are committed to continue cooperation with our partners, governments and regulators in joint efforts to create advanced payment solutions and to promote a cashless consumer experience in Azerbaijan."

"Kapital Bank has the largest service network in Azerbaijan and provides services to customers in 90 branches and 2 divisions all over the country. Bank pays special attention to cooperation with international payment systems. We have been partnering with Visa, global payment system, since 2003. I am confident that this project will also bring success to KapitalBank", - commented VusalNagiyev, Channel Sales Executive at Kapital Bank.

About Visa Inc.

Visa Inc. (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products[1]. More information is available at the following links:www.visa.com.az,https://www.facebook.com/visaazerbaijan

About Kapital Bank

Kapital Bank has the largest service network in Azerbaijan and provides services to customers in 90 branches and 2 divisions all over the country. More detailed information about bank’s products and services can be found on the web site www.kapitalbank.az, bank’s pages in social media and also bycalling to customer service centre - number 196.