BAKU, Azerbaijan, July 27. The number of transactions on Visa cards issued by resident financial institutions (as well as payment cards of statistical unit) in Azerbaijan amounted to 127.8 million, and the volume of transactions - 7.4 billion manat ($4.37 billion) by the end of June this year.
The data obtained by Trend from the Central Bank (CBA) shows that compared to the same period of 2024, the number of transactions on Visa cards increased by 36.8 million units or 1.4 times, and the volume of transactions on Visa cards - by 1.8 billion manat ($1.06 billion), or 31.6 percent.
In addition, over the reporting period, the number of transactions via Visa cards issued by non-resident financial institutions reached 1.02 million, with a transaction volume of 89.8 million manat ($53 million).
Compared to the same period last year, this reflects an increase of 252,000 transactions or 1.3 times, and a volume increase of 15.5 million manat ($9.15 million), or 20.9 percent.
The volume and number of transactions with the use of payment cards issued by resident financial institutions refer to the total volume and number of transactions made with the use of payment cards issued by financial institutions (local banks or financial institutions) operating in the country.
The volume and number of transactions through payment cards issued by non-resident financial institutions indicates the quantity (number) and total amount (volume) of transactions conducted in Azerbaijan with payment cards issued to individuals residing abroad by banks and financial institutions operating in foreign countries.
