Payment Card Year Books

Azerbaijan 2019/2020

  • Sale
  • Regular price £260.00

A new version of this product is available here

Payment Organisation

AzeriCard, owned by International Bank of Azerbaijan; 

MilliKart, owned by 17 banks and EBRD. 

Domestic Card Brand

AzeriCard, (few) Millikart. 

Market Structure

VISA and Mastercard are the principal payment cards issued in Azerbaijan. Also: American Express cards and Diners Club cards. 

An estimated 50% of cards are VISA-branded. 

Salary cards have been widely introduced in Azerbaijan. 

Based on central bank figures, there were 6.51 million cards in Azerbaijan by end-2018, up by 12.26% on 2017. 

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. 

In 2016, a bank sector consolidation was carried out by CBA, according to the Financial Sector Modernisation Project (FSMP). 

State-controlled International Bank of Azerbaijan is the dominant player. 

Foreign bank investors, headed by Turkish banks and international organisations, are present in the market. 

Notable Market Trends

Rollout: contactless cards, POS terminals, mobile banking apps, Debit Mastercard cards, VISA Debit, MPOS terminal pilots. 

Statistical Key Figures for 2018 provided in this profile:

UPDATED: tables with card business data 2014-2018; 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.


1.2 last updated 12th January 2020