BAKU, Azerbaijan, July 29. Azerbaijan experienced a significant rise in cashless payment transactions processed through the Interbank Card Center (ICC) as of July 1, 2025, with the total number reaching 74 million and a transaction volume of 3.5 billion manat ($2 billion).
Data obtained by Trend from the Central Bank (CBA) indicates that this represents a growth of 26.3 million units, or 55 percent, in transaction count, and 1.2 billion manat ($705.8 million), or 53.4 percent, in monetary volume year-on-year.
In addition, as of July 1, 2025, the volume of payments processed through ICC amounted to $6.8 million, reflecting a 29.9 percent increase in volume with 6,400 additional transactions and a 36 percent increase in value, which is $1.8 million more than the same period last year.
Meanwhile, 16,600 payment transactions totaling 2.1 million euros were processed through the Interbank Card Center (ICC) in Azerbaijan as of July 1, 2025. Compared to the same period last year, the transaction volume nearly halved, dropping by 16,000, or 2 times, while the total value remained steady.
