Cashless Payments in Azerbaijan
Introduction to Cashless Payments
Cashless payments via cards in Azerbaijan have shown rapid growth, with the total transaction volume exceeding ₼126 billion ($74 million) in 2024. This marks a 27% annual increase compared to 2023, according to Vusal Khalilov, a member of the Board of the Central Bank of Azerbaijan (CBA).
Growth of Cashless Payments
Khalilov announced this growth during his speech at the “Fintex Summit 2025 – Financial Technologies Exhibition,” organized by the Azerbaijan Banks Association and the CBA. This significant increase in cashless payments indicates a shift towards a more digital economy in Azerbaijan.
Access to Financial Information
To access more detailed financial information and news, users can subscribe to a monthly or annual plan. These plans offer full digital access to all news, analysis, and more, providing users with a comprehensive understanding of the financial landscape in Azerbaijan.
Subscription Plans
There are various subscription plans available, including:
- 1 month subscription: Full digital access to all news for 1 month
- 3 months subscription: Full digital access to all news for 3 months, with a 33% discount
- 6 months subscription: Full digital access to all news for 6 months, with a 36% discount
- 1 year subscription: Full digital access to all news for 1 year, with a 41% discount
Supporting Independent Journalism
By subscribing to these plans, users can support open, independent, and quality journalism. This allows them to stay up-to-date with the latest news, analysis, and developments in Azerbaijan’s financial sector.
Staying Connected
Users can also follow AzerNEWS on Twitter (@AzerNewsAz) or Facebook (@AzerNewsNewspaper) to stay connected with the latest news and updates.
Conclusion
In conclusion, the growth of cashless payments in Azerbaijan is a significant indicator of the country’s shift towards a digital economy. With various subscription plans available, users can access detailed financial information and support independent journalism. By staying connected with AzerNEWS, users can stay informed about the latest developments in Azerbaijan’s financial sector.
