PASHA Holding

"PASHA Holding" Limited Liability Company (PASHA Holding or PASHA Holding LLC) through its subsidiaries, invests in banking and finance, insurance, information technology, retail, construction, hospitality and agriculture, the property development and tourism sectors. The Holding has two types of Investment assets portfolios: Controlling stakes in PASHA Holding and its subsidiaries and minority private equity investments.[2] It is owned and controlled by the Pashayev family.

PASHA Holding LLC
TypePrivate company
IndustryFinancial services
Founded2006
HeadquartersBaku, Azerbaijan
Area served
Azerbaijan
Turkey
Georgia
Montenegro
Key people
Jalal Gasimov, CEO[1]
Services
Total assetsIncrease AZN 11.9 billion (2019)
Total equityIncrease AZN 2.6 billion (2019)
Number of employees
8500+ (2019)
Websitehttp://www.pasha-holding.az

Banking

Current volume of paid-in capital of the Bank amounts to 333 million AZN. The total number of its shareholders comprises 2 legal entities and 1 physical person. The bank's shareholders are PASHA Holding Ltd. (60%), Ador Ltd. (30%) and Mr. Arif Pashayev (10%).[3]

Travel and tourism

PASHA Travel

PASHA Travel was founded in 2003.[4]

Absheron Hotel Group

Absheron Hotel Group was established in 2013.[4] It manages the following properties:

  • Pik Palace, Shahdag, Autograph Collection
  • Park Chalet, Shahdag, Autograph Collection
  • Boulevard Hotel, Baku, Autograph Collection
  • Sheraton Baku Intourist, Baku, Autograph Collection
  • Bilgah Beach Hotel, Baku
  • The Merchant Baku, Baku
  • Courtyard Hotel, Baku
  • Dinamo Hotel, Baku, member of SLH (Small Luxury Hotels of the World)
  • Allium Villas Resort, Bodrum / Turkey, member of L.V.X. (Preferred Hotels & Resorts)

Insurance

PASHA Insurance was founded in 2006.[5] PASHA Life Insurance OJSC is a member of the Compulsory Insurance Bureau.[5]

Construction
  • PASHA Construction
  • PASHA Development

Ecosystem

m10 by PashaPay

The trademark of "m10" brand belongs to "PashaPay" LLC. "PashaPay" LLC was established on April 29, 2022 as a FinTex company. More than 500 employees work in the office of the company in Baku and other foreign countries. [6]

PashaPay is based on the MilliON payment system, which has been available to the public since 2008. Currently, there are more than 5,500 MilliON terminals spread across the country.

Since July 2022, the application known as "m10 by PashaPay" has been operating as the first large-scale digital wallet for cashless transactions in Azerbaijan. [7]

One of the advantages of m10, an electronic wallet, is commission-free money transfers. In addition, using the m10 wallet, users can make payments for utilities and others in MilliON, as well as QR payments in stores.

References
  1. "PASHA Holding website".
  2. "PASHA Holding". pasha-holding.az.
  3. "Əsas | PAŞABank". www.pashabank.az.
  4. "PASHA Travel | Tourism and Destination Management". www.pashatravel.az.
  5. "PAŞA Sığorta | Sığorta şirkəti". www.pasha-insurance.az.
  6. "Arxivlənmiş surət". Archived from the original on 20 November 2022. Retrieved 20 November 2022.
  7. "Arxivlənmiş surət". Archived from the original on 3 April 2023. Retrieved 2 July 2022.
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