Published : Jul-2017
No. of Pages : 45
EXECUTIVE SUMMARY 2
1.1. Market overview 2
1.2. Key facts 3
1.3. Top five industry events 4
2. PAYMENT INSTRUMENTS 10
2.1. Current payment environment 10
3. E-COMMERCE AND ALTERNATIVE PAYMENTS 12
3.1. E-commerce market analysis 12
3.2. Alternative payment solutions 13
3.2.1. PayPal 13
3.2.2. Wallet One 13
3.2.3. Azerpay 13
3.2.4. Visa QIWI wallet 14
3.2.5. Fortumo 14
3.2.6. AzeriCard mobile payment service 14
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 15
4.1. Regulatory framework 15
4.1.1. Regulatory requirements for card issuance 15
4.1.2. Regulatory requirements for the issue of corporate cards 15
4.1.3. Regulatory framework for the conduct of card operations 15
4.1.4. Framework for risk management 16
4.2. Anti-money laundering 16
4.3. Foreign direct investment regulations 16
5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS 17
6. PAYMENT CARDS 19
7. DEBIT CARDS 21
7.1. Debit card market analysis 21
7.2. Competition in the debit card market 23
7.3. Debit card comparison 25
8. PAY-LATER CARDS 26
8.1. Pay-later card market analysis 26
8.2. Competition in the pay-later card market 28
8.3. Pay-later card comparison 30
9. APPENDIX 31
9.1. Abbreviations and acronyms 31
9.2. Supplementary data 32
9.3. Definitions 39
9.4. Methodology 41
9.5. Bibliography 43
9.6. Further reading 43
List of Tables
Table 1: Azerbaijan: key facts, 2016 3
Table 2: Azerbaijan: regional benchmarking of payment cards, 2016 3
Table 3: Azerbaijan: mode of entry of foreign banks 16
Table 4: Azerbaijan: debit card comparison and key features, 2016 25
Table 5: Azerbaijan: gold credit cards comparison and key features, 2016 30
Table 6: Azerbaijan: premium credit cards comparison and key features, 2016 30
Table 7: Azerbaijan: payment instrument transaction values (AZNbn), 2012-16e 32
Table 8: Azerbaijan: payment instrument transaction values ($bn), 2012-16e 32
Table 9: Azerbaijan: payment instrument transaction volumes (millions), 2012-16e 32
Table 10: Azerbaijan: payment cards in circulation by type (millions), 2012-20f 32
Table 11: Azerbaijan: volume of payment card transactions (millions), 2012-20f 32
Table 12: Azerbaijan: value of payment card transactions (AZNbn), 2012-20f 33
Table 13: Azerbaijan: value of payment card transactions ($bn), 2012-20f 33
Table 14: Azerbaijan: debit cards in circulation (millions), 2012-20f 33
Table 15: Azerbaijan: debit card transaction volumes, 2012-20f 33
Table 16: Azerbaijan: debit card transaction values (AZN), 2012-20f 34
Table 17: Azerbaijan: debit card transaction values ($), 2012-20f 34
Table 18: Azerbaijan: debit cards in circulation by scheme (000s), 2012-16e 34
Table 19: Azerbaijan: debit card transaction values by scheme (AZNm), 2012-16e 34
Table 20: Azerbaijan: debit card transaction values by scheme ($m), 2012-16e 35
Table 21: Azerbaijan: debit card transaction values by issuer (AZNm), 2012-16e 35
Table 22: Azerbaijan: debit card transaction values by issuer ($m), 2012-16e 35
Table 23: Azerbaijan: pay-later cards in circulation (000s), 2012-20f 35
Table 24: Azerbaijan: pay-later card transaction volumes, 2012-20f 36
Table 25: Azerbaijan: pay-later card transaction values (AZN), 2012-20f 36
Table 26: Azerbaijan: pay-later card transaction values ($), 2012-20f 36
Table 27: Azerbaijan: pay-later cards in circulation by scheme (000s), 2012-16e 37
Table 28: Azerbaijan: pay-later card transaction values by scheme (AZNm), 2012-16e 37
Table 29: Azerbaijan: pay-later card transaction values by scheme ($m), 2012-16e 37
Table 30: Azerbaijan: pay-later card transaction values by issuer (AZNm), 2012-16e 37
Table 31: Azerbaijan: pay-later card transaction values by issuer ($m), 2012-16e 38
Table 32: Key definitions 39
List of Figures
Figure 1: Azerbaijan: payment instrument shares by transaction value (%), 2012 vs 2016 10
Figure 2: Azerbaijan: payment instrument shares by transaction volume (%), 2012 vs 2016 11
Figure 3: Azerbaijan: e-commerce market value 12
Figure 4: Azerbaijan: population and economic indicators 17
Figure 5: Azerbaijan: ATMs, POS terminals, and household consumption 18
Figure 6: Azerbaijan: payment cards transaction value and cards in circulation, 2012-20f 19
Figure 7: Azerbaijan: debit card penetration and turnover per card 21
Figure 8: Azerbaijan: debit card scheme and issuer transaction value shares, 2016 23
Figure 9: Azerbaijan: pay-later card penetration and turnover per card 26
Figure 10: Azerbaijan: pay-later card scheme and issuer transaction value shares, 2016 28
