Azerbaijan

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  • Regular price £175.00


Payment Organization 

  • AzeriCard, owned by International Bank of Azerbaijan; 
  • MilliKart, owned by 17 banks and EBRD. 

Domestic Card Brand 

AzeriCard, Millikart. 

Market Structure 

  • VISA and MasterCard are the principal payment cards issued in Azerbaijan. American Express cards and Diners Club are also issued. 
  • Based on central bank figures, there were 6 million cards in Azerbaijan by end-2014, an increase of 5.2% on 2013. 
  • An estimated 50% of cards are VISA-branded. 
  • Salary cards have been widely introduced in Azerbaijan. 
  • CBA, the central bank, has been mandated to promote electronic payments, with a focus on payments for state services and extension of payment facilities to the mass market. 
  • State-controlled International Bank of Azerbaijan is the dominant player, several times the size of Kapital Bank, the next biggest. 
  • Foreign bank investors, headed by Turkish banks and international organizations, are present in the market. 

Notable Market Trends 

  • Rollout of contactless cards and POS terminals has started; 
  • MPOS terminal pilots 

    Updated Information About:

    Major Issuers, Major Acquirers, Major Processors and Consumer Finance indicator.

    Statistical Key Figures for 2015 provided in this profile:

    • UPDATED: tables with card business data 2011-2015; growth rates: Y-o-Y, CAGR
    • Population, Cards per Capita, Card Value per Capita
    • Debit Cards, Credit/Delayed Debit Cards, Total Cards
    • Card payments by number and by value, ATV per card, payments per card/year
    • ATMs, POS terminals, ATMs/POS terminals per 1 million capita
    • ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
    • POS payments by number/by value, ATV per POS payment, TXs per POS/month
    • Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
    • Issued Card brands by individual major issuer bank
    • Accepted card brands by individual major acquirer
    • Drill down into the debit card use and credit cards use details

    Product information

    Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 

    Version

    1.1(090117) last updated 9th January 2017