BAKU, Azerbaijan, October 8. The volume of payment transactions processed through the Interbank Card Center (ICC) in Azerbaijan has amounted to a total of 71 million transactions worth 3.4 billion manat as of September 1, 2025
Data obtained by Trend from the Central Bank of Azerbaijan indicates that signifies a leap of 14.8 million transactions, or a whopping 26.3 percent, in volume and a hefty 766 million manat, or 29 percent, in value, when stacked against the same period in 2024.
Additionally, 26,900 transactions valued at $6.7 million were processed through ICC. Compared to last year, this is a decrease of 4,600 transactions, or 14.6 percent, in volume, but an increase of $200,000, or 3.1 percent, in value.
Furthermore, 16,200 transactions totaling 2.1 million euros were processed, showing a slight decrease of 3,000 transactions, or around 1.8 percent in volume, while the total value remained unchanged compared to the previous year.
The ICC provides the technological and financial infrastructure to ensure secure and fast processing of bank card payments, facilitating the accurate transmission and settlement of transactions between banks.
The Interbank Card Center (ICC) in Azerbaijan is a technological and financial framework, instituted by the Central Bank of Azerbaijan, that enables secure and swift processing of bank card transactions within the national payment system. It serves as a primary conduit for interbank financial transactions, facilitating the direct processing of domestic card operations with cards issued by local banks, thereby enhancing security and diminishing reliance on foreign entities.
