BAKU, Azerbaijan, September 1. The number of transactions made through "American Express" cards issued by resident financial institutions (including the statistical unit’s cards) in Azerbaijan reached 6,400, with a total transaction volume of 900,000 manat ($529,404) by the end of July 2025.
Data obtained by Trend from the Central Bank of Azerbaijan indicates that the number of transactions with "American Express" cards issued by resident financial institutions decreased by 900, or 12.3 percent, while the transaction volume fell by 200,000 manat ($117,646), equivalent to 18.1 percent, compared to the previous month.
Furthermore, the aggregate of transactions executed via "American Express" cards distributed by offshore financial entities within the specified reporting timeframe reached 1,500, culminating in a total transaction volume of 1 million manat ($588,200).
Meanwhile, transactions with cards issued by non-resident financial institutions decreased by 200, or 11.8 percent, and the transaction volume dropped by 400,000 manat ($235,292), or 28.6 percent, compared to the previous month.
To note, the transaction number and volume through cards issued by resident financial institutions refer to payments made within the country using cards provided by local banks or financial organizations.
Meanwhile, transactions through cards issued by non-resident financial institutions represent payments made in Azerbaijan using cards issued by banks and financial institutions operating abroad for individuals living outside the country.
