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Azerbaijan reveals volume of AZIPS, LVPCSS and IPS payments in 2024

GenevaTimes by GenevaTimes
June 5, 2025
in Europe
Reading Time: 2 mins read
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Azerbaijan reveals volume of AZIPS, LVPCSS and IPS payments in 2024
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Economy
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6 June 2025 02:18 (UTC +04:00)

Azerbaijan reveals volume of AZIPS, LVPCSS and IPS payments in 2024


In 2024, Azerbaijan’s National Payment System processed 760.2 billion manats ($447.1 billion) in 168.6 million transactions. The Government Payment Portal handled 8.1 billion manats ($4.78 billion), mostly cashless. Cashless card payments and e-commerce surged over 60 percent.

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