Azerbaijan 2025

Market Overview 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 […]

Armenia 2025

Market Overview Payment Organisation ArmenianCard (ArCa).  Domestic Card Brand ArCa cards; from 2017, some ArCa cards are co-badged MIR.  Market Structure VISA is the dominant card brand followed by ArCa and Mastercard.  Cards per capita are growing from a small base but have reached 1.24 in 2023.  Payment cards account for 67.2% of non-cash payments, […]