BAKU, Azerbaijan, August 30. Azerbaijan recorded a significant increase in cashless payments, with transactions processed through the Interbank Card Center (ICC) reaching 3.58 billion manat ($2.10 billion) across 75.2 million operations as of August 1, 2025.
Data obtained by Trend from the Central Bank of Azerbaijan indicates
that the transaction volume escalated by 19.5 million, reflecting a
robust growth of 34.9 percent, while the aggregate value surged by
approximately 874 million manat ($513.8 million), indicating a
significant uptick of 32.2 percent in comparison to the
corresponding timeframe of the previous year.
The ICC represents a sophisticated technological and financial
framework that guarantees the secure and expedited processing of
bank card transactions, enabling the efficient transmission and
settlement of financial exchanges between banking institutions.
The ICC functions as a pivotal conduit, facilitating the seamless
processing and finalization of transactions involving card
instruments issued by disparate financial institutions.
