Payment Card Year Books

Azerbaijan 2020/2021

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  • Regular price £260.00


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 7.26 million cards in Azerbaijan by end-2019, up by 11.60% on 2018. 

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 terminals, Apple Pay. 

STATISTICAL KEY FIGURES FOR 2019 PROVIDED IN THIS PROFILE

 UPDATED: tables with card business data 2015-2019; 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

Version 1.1 - last updated Friday 15th January 2021