BAKU, Azerbaijan, October 3. The number of payment cards in circulation in Azerbaijani banks and Azerpost LLC systems rose by 216,000 compared to the previous month, reaching a total of 21.13 million cards.
The data obtained by Trend from the Central Bank of Azerbaijan shows that compared to the same period last year, this figure has increased by 14 percent.
The proliferation of debit cards experienced a robust uptick of
17 percent, juxtaposed with a contraction in the credit card
sector, which saw a decline of seven percent.
The proliferation of payment cards has significantly augmented the
throughput of cashless transactions. In particular, throughout the
month, the aggregate volume of domestic cashless transactions
experienced a 20 percent uptick relative to the corresponding
timeframe in the previous year.
In August 2025, the aggregate throughput of domestic cashless
transactions via card instruments reached 8.17 million manat,
equivalent to $4.8 million.
Of these payments, 7.15 million manat ($4.23 million) were for e-commerce, while the remaining one million manat ($590,000) was processed through POS terminals, and four million manat ($2.36 million) was processed via self-service terminals and ATMs.
Since the beginning of the year, cashless domestic transactions using payment cards have accounted for 67.3 percent of domestic card transactions.
A dynamic increase was observed in the payment service networks of banks and Azerpost LLC. Compared to the end of August last year, the number of ATMs has grown by 8.3 percent, and the number of POS terminals - by 50.7 percent.
