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Azerbaijan’s operations with UnionPay cards decline in volume for 1Q2025

GenevaTimes by GenevaTimes
April 29, 2025
in Europe
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Azerbaijan’s operations with UnionPay cards decline in volume for 1Q2025
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Economy
Materials
30 April 2025 03:37 (UTC +04:00)

Azerbaijan’s operations with UnionPay cards decline in volume for 1Q2025


As of March 2025, UnionPay card transactions in Azerbaijan dropped 20 percent to 40,000 manat. The number of transactions rose by 100, while the overall value fell from 50,000 manat in 2024. The country’s financial industry is trending downward, with payment values falling despite an increase in transactions.

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