BAKU: Azerbaijani startup “Epoint” and Georgian startup “CityPay” have signed a memorandum of cooperation to enhance their capacities in the payment processing sector, Trend News Agency reported.

According to Trend News Agency, the memorandum outlines the collaborative efforts that will be undertaken by the two companies. Epoint, which provides a platform for aggregating payments and facilitating e-commerce for small and medium-sized enterprises, will work closely with CityPay. CityPay specializes in creating a unified cryptocurrency ecosystem and aims to expand the usage of cryptocurrencies in everyday transactions.

This partnership marks a significant step in cross-border technological cooperation and is expected to boost the capabilities of both companies in their respective markets. By combining Epoint’s expertise in payment aggregation with CityPay’s innovations in cryptocurrency services, the memorandum is set to foster an enriched environment for financial transactions in the region.