Market Research Logo

The Cards and Payments Industry in Azerbaijan: Emerging Trends and Opportunities to 2019

  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Events
    • Table Azerbaijan - Key Facts, 2014
    • Table Regional Benchmarking of Azerbaijan's Payment Cards, 2014
  • Executive Summary
  • Payment Instruments
    • Current Payments Environment
    • Alternative Payment Instruments
      • PayPal
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Azerbaijan - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Demographic Drivers
    • Economic Drivers
    • Infrastructure Drivers
    • Business Drivers
  • Market Segmentation
    • Market Segmentation and Targeting
      • Consumer cards
        • Table Azerbaijani Cards for High-Income Consumers, 2015
        • Table Azerbaijani Cards for Online Shoppers, 2015
        • Table Azerbaijani Cards for Retail Shoppers, 2015
        • Table Azerbaijani Payroll Cards, 2015
        • Table Azerbaijani Cards for Students and Youth Population, 2015
      • Commercial cards
        • Table Azerbaijani Commercial Cards Comparison and Key Features, 2015
  • Payment Cards
    • Payment Card Analysis
      • Volume and value of payment card transactions by type
  • Debit Cards
    • Debit Card Market Analysis
      • Debit card transaction volumes and values by channel
      • Debit card scheme and issuer shares in terms of transaction value
  • Credit Cards
    • Credit Card Market Analysis
      • Credit card transaction volumes and values by channel
      • Credit card scheme and issuer shares in terms of transaction value
  • Commercial Cards
    • Commercial Card Market Analysis
  • Appendix
    • Tables
      • Table Azerbaijan - Payment Instrument Transaction Values (AZN Million), 2010-2014
      • Table Azerbaijan - Payment Instrument Transaction Values (US$ Million), 2010-2014
      • Table Azerbaijan - Payment Instrument Transaction Volumes (Thousand), 2010-2014
      • Table Azerbaijan - Number of Payment Cards in Circulation by Type (Million), 2010-2019
      • Table Azerbaijan - Volume of Payment Card Transactions by Type (Million), 2010-2019
      • Table Azerbaijan - Value of Payment Card Transactions by Type (AZN Million), 2010-2019
      • Table Azerbaijan - Value of Payment Card Transactions by Type (US$ Million), 2010-2019
      • Table Azerbaijan - Personal and Commercial Card Transaction Volumes (Million), 2010-2019
      • Table Azerbaijan - Personal and Commercial Card Transaction Values (AZN Million), 2010-2019
      • Table Azerbaijan - Personal and Commercial Card Transaction Values (US$ Million), 2010-2019
      • Table Azerbaijan - Number of Debit Cards in Circulation (Million), 2010-2019
      • Table Azerbaijan - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Azerbaijan - Debit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Azerbaijan - Debit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Azerbaijan - Number of Debit Cards in Circulation by Scheme (Thousand), 2010-2014
      • Table Azerbaijan - Debit Card Transaction Values by Scheme (AZN Million), 2010-2014
      • Table Azerbaijan - Debit Card Transaction Values by Scheme (US$ Million), 2010-2014
      • Table Azerbaijan - Debit Card Transaction Values by Issuer (AZN Million), 2010-2014
      • Table Azerbaijan - Debit Card Transaction Values by Issuer (US$ Million), 2010-2014
      • Table Azerbaijan - Number of Credit Cards in Circulation (Thousand), 2010-2019
      • Table Azerbaijan - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Azerbaijan - Credit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Azerbaijan - Number of Credit Cards in Circulation by Scheme (Thousand), 2010-2014
      • Table Azerbaijan - Credit Card Transaction Values by Scheme (AZN Million), 2010-2014
      • Table Azerbaijan - Credit Card Transaction Values by Scheme (US$ Million), 2010-2014
      • Table Azerbaijan - Credit Card Transaction Values by Issuer (AZN Million), 2010-2014
      • Table Azerbaijan - Credit Card Transaction Values by Issuer (US$ Million), 2010-2014
      • Table Azerbaijan - Number of Commercial Cards in Circulation (Thousand), 2010-2019
      • Table Azerbaijan - Commercial Card Transaction Values (AZN Million), 2010-2019
      • Table Azerbaijan - Commercial Card Transaction Values (US$ Million), 2010-2019
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

The Cards and Payments Industry in Azerbaijan: Emerging Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Cards and Payments Industry in Azerbaijan: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Azerbaijan's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers and payment cards during the review period (2010–2014).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure and card fraud statistics.

Summary

Timetric’s 'The Cards and Payments Industry in Azerbaijan: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Azerbaijan's cards and payments industry, including:

  • Current and forecast values for each market in Azerbaijan's cards and payments industry, including debit cards and credit cards. It also includes detailed analysis of the prepaid cards market.
  • Detailed insights into payment instruments including credit transfers and payment cards. It also, includes an overview of the country's key alternative payment instruments.
  • Analysis of various market drivers and regulations governing Azerbaijan's cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of Azerbaijan's cards and payments industry.
Scope
  • This report provides a comprehensive analysis of Azerbaijan's cards and payments industry.
  • It provides current values for Azerbaijan's cards and payments industry for 2014, and forecast figures to 2019.
  • It details the different economic, infrastructural and business drivers affecting Azerbaijan's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
Reasons To Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to Azerbaijan's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in Azerbaijan's cards and payments industry.
  • Assess the competitive dynamics in Azerbaijan's cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Azerbaijan.
  • Gain insights into key regulations governing Azerbaijan's cards and payments industry.
Key Highlights
  • The number of POS terminals in Azerbaijan recorded a significant review-period (2010–2014) compound annual growth rate (CAGR) of 74.51%, rising from 7,872 in 2010 to 73,013 in 2014. In October 2012, the Central Bank of Azerbaijan (CBA) and Ministry of Taxes mandated that businesses with an average monthly turnover exceeding US$2,549.9 (AZN2,000) should install POS terminals. Similarly, 51,000 POS terminals were installed ahead of the first Baku 2015 European Games, which were held during June 12–28, 2015.
  • In addition to conventional POS terminals, merchants are installing mobile POS (m-POS) terminals. The card-processing center MilliKart, in partnership with goSwiff, a provider of mobile commerce and marketing services, launched the M+ mobile payment (m-payment) solution in Azerbaijan in September 2014. M+ is an m-payment platform, which is designed to accept payment cards using mobile phones. The growing number of POS terminal installations at retailers is anticipated to drive payment card transaction values and volumes over the forecast period (2015–2019).
  • Visa, in association with McDonald’s and Pasha Bank, launched contactless payments for Azerbaijani consumers in September 2014. Consumers can tap Visa payWave-enabled cards at contactless readers to complete payments at McDonald’s. MasterCard is also contemplating a rollout of contactless technology in Azerbaijan over the forecast period. These initiatives are anticipated to drive payment card transaction values and volumes.


Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report

;