Farid IsmayilzadaCountry Director of SilverKey Azerbaijan

Premier e-Commerce solution provider in Azerbaijan

e-Commerce in Azerbaijan:Today and tomorrow

SilverKey Technologies

• Founded in Chicago in 2003• Expanded to India, Egypt,

Morocco, Azerbaijan, and Ukraine

• All offices work in web development but have different niche markets in their countries

• All offices are Microsoft Certified Partners

SilverKey Azerbaijan

• Founded in September 2006• Microsoft Gold Certified Partner• Prepared program for e-commerce

development in Azerbaijan between 2007 and 2012

• Set up first ever payment gateway company in Azerbaijan (GoldenPay)

• Working closely with banks, companies and the government on e-commerce projects

e-Commerce research showed

• We have 50 e-shops, 2-3 internet banking systems, 2-3 tourism portals, 1 online food ordering website, 2-3 online entertainment portals

• Turnaround in e-Commerce in Azerbaijan is not over 100K in a year

e-Commerce research showed

NEGATIVES• Low internet

penetration• Low computer

penetration• Low plastic card

penetration• Wrong internet habits• No internet payment

POSITIVES• High interest to e-

commerce• Enough for foundation

GoldenPay

• First and Only Online Payment System in Azerbaijan

• The Most Important e-Commerce Enabler• System is Visa and MasterCard approved• SSL encryption from VeriSign• Works with two banks which have been

verified by Visa and MasterCard Secure Code licenses

• Integration is Easy

Clients of GoldenPay

• Mobile operators• Banks• Internet providers• e-Shops• Utility firms• Travel agencies• Hotels

• Entertainment companies

• Airline companies• Other various

service providers

Plans for Future: Computers

• National Computer Project has been launched by MCIT, together with Microsoft and Intel. It will allow computers to be affordable (the cost of about 1 coffee per day).

Plans for Future: Legal

• e-Commerce Law has been adopted already. More work is required to develop an updated package in 2009.

• International Cyber Crime Convention has been signed

Plans for Future: Education

• Educational www.e-commerce.az portal will be developed as an online e-commerce resource

• Package for curriculum changes will be developed and submitted to Ministry of Education

Plans for Future: e-Signature

• e-Signature Law has been adopted and the necessary technology is on its way. The first e-Signatures will appear within the next 3 months.

Plans for Future: Tax

• New tax policy for e-Commerce is on its way. It will be discussed with Tax Ministry in the first half of 2009.

End Goal

Contact Information

Address:494/20A Inshaatchilar Ave.Baku, Azerbaijan AZ1065

Phone:(+994 12) 510 1713

Website:www.silverkey.azwww.goldenpay.az