BAKU, Azerbaijan, October 3. By the end of August 2025, a total of 74.5 million transactions worth 4.8 billion manat ($2.8 billion) were processed through MasterCard cards issued by resident financial institutions of Azerbaijan, including payment cards from statistical units.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) indicates that the number of transactions rose by 15 million, or 25.2 percent, compared to the previous month, while the overall volume increased by 398 million manat ($234.1 million), or 9 percent.
Meanwhile, the number of transactions with MasterCard cards issued by non-resident financial institutions amounted to 441,000, with a total volume of 46 million manat ($27 million). This represents a decrease of 73,100 transactions, or 0.8 percent, compared to the same period last year, while the volume declined by 8.2 million manat ($4.8 million), or 15 percent.
To note, transactions with resident cards include all operations carried out using cards issued by banks and financial organizations operating in Azerbaijan, while transactions with non-resident cards refer to those made in the country with cards issued by foreign financial institutions.
Mastercard has been operating in the Azerbaijani market since 1997, though the first office was opened in Baku in 2016. The evolution of the payment ecosystem has witnessed a marked escalation in engagement and integration over the years, characterized by the advent of cutting-edge solutions such as contactless transactions and bespoke card offerings that have emerged in contemporary discourse.
