BAKU, Azerbaijan, October 30. UnionPay card transactions issued by resident financial organizations in Azerbaijan totaled 300 transactions, with a transaction volume of 40,000 manat ($23,527) as of September 2025.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) indicates that the number of UnionPay transactions stayed the same, but the transaction volume took a hit, dropping by 20 percent, or 10,000 manat ($5,881), compared to last month.
In the interim, the transactional throughput of UnionPay cards emanating from non-resident financial entities reached a total of 1,800 transactions, aggregating a monetary volume of 300,000 manat (equivalent to $176,454). This indicates a substantial contraction of 50 percent in transactional throughput relative to the preceding month, accompanied by a decrement of 800,000 manat ($470,546), equating to a 72.7 percent reduction.
To note, transactions made with cards issued by resident financial institutions reflect the total volume of transactions conducted within Azerbaijan using payment cards issued by local banks and financial organizations. Meanwhile, transactions with cards issued by non-resident financial institutions reflect the activity of payment cards issued by foreign banks and institutions for individuals residing outside Azerbaijan.
