Payments Landscape in Azerbaijan: Opportunities and Risks to 2023

Publisher Name :
Date: 24-Jun-2019
No. of pages: 45
Inquire Before Buying

Payments Landscape in Azerbaijan: Opportunities and Risks to 2023

Summary

GlobalData's "Payments Landscape in Azerbaijan: Opportunities and Risks to 2023", report provides detailed analysis of market trends in Azerbaijan's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards and credit transfers during the review-period (2015-19e).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

This report provides top-level market analysis, information and insights into Azerbaijan's cards and payments industry, including -

- Current and forecast values for each market in Azerbaijan's cards and payments industry, including debit and credit cards.

- Detailed insights into payment instruments including cards and credit transfers. It also, includes an overview of the country's key alternative payment instruments.

- Analysis of various market drivers and regulations governing Azerbaijan's cards and payments industry.

- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

- To promote electronic payments, Azerbaijan's government implemented the "State Program on expansion of digital payments in the Republic of Azerbaijan for 2018-2020" in September 2018. The program aims to reduce the share of cash transactions in the economy from 74% to 40%. To help achieve this, the government will expand innovative payment infrastructure supporting QR code-based transactions, cloud technology, and fast payments. In addition, the government aims to launch the first stage of its Instant Payment System in the country by the end of 2019.

- To aid the government's vision of a less cash-dependent society, banks in Azerbaijan are going digital. In January 2019, Pasha Bank introduced online bank account opening in five minutes for individuals and entrepreneurs. And in October 2018, Kapital Bank upgraded its BirBank mobile app to include QR code-based payments called QR-Pay. As of April 2019 over 500,000 users had downloaded the app. The increased focus on digitalization is anticipated to further drive electronic payments in the country.

- In December 2016 the central bank sanctioned amendments to the Law On Non-Cash Settlements effective from January 2017. As per the law, all monthly cash transactions were capped at AZN30,000 ($17,681.50) for VAT-registered businesses with monthly transactions worth over AZN200,000 ($117,876.63). Similarly, monthly cash payments for other taxpayers were limited to AZN15,000 ($8,840.75). All transactions over the relevant value must be paid electronically. Individuals who do not comply with the law will be fined 10% of the transaction amount, with subsequent increases to 20% and 40% if the offence is repeated a second and third time. In addition, the law also mandates that all salaries should be paid using non-cash methods. These measures are expected to encourage cashless payments in the country over the coming years.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to Azerbaijan's cards and payments industry and each market within it.

- Understand the key market trends and growth opportunities in Azerbaijan's cards and payments industry.

- Assess the competitive dynamics in Azerbaijan's cards and payments industry.

- Gain insights into marketing strategies used for various card types in Azerbaijan.

- Gain insights into key regulations governing Azerbaijan's cards and payments industry.

Payments Landscape in Azerbaijan: Opportunities and Risks to 2023

Table of Contents
Market Overview
Card-based Payments
E-commerce Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix
  • Global Financial Smart Cards Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use
    Published: 14-Aug-2019        Price: US 3000 Onwards        Pages: 102
    Summary The report forecast global Financial Smart Cards market to grow to reach xxx Million USD in 2019 with a CAGR of xx% during the period 2020-2024. The report offers detailed coverage of Financial Smart Cards industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Financial Smart Cards by geography. The report splits the market size, by volume......
  • Payments Landscape in Switzerland: Opportunities and Risks to 2023
    Published: 19-Jul-2019        Price: US 2750 Onwards        Pages: 52
    Payments Landscape in Switzerland: Opportunities and Risks to 2023 Summary GlobalData's "Payments Landscape in Switzerland: Opportunities and Risks to 2023", report provides detailed analysis of market trends in the Swiss cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, cash, and cheques during the review-period (2015-19e). The report als......
  • Payments Landscape in Serbia: Opportunities and Risks to 2023
    Published: 16-Jul-2019        Price: US 2750 Onwards        Pages: 55
    Payments Landscape in Serbia: Opportunities and Risks to 2023 Summary GlobalData's "Payments Landscape in Serbia: Opportunities and Risks to 2023", report provides detailed analysis of market trends in the Serbian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, and cheques during the review-period (2015-19e). The report also analyzes var......
  • Global Financial Smart Cards Market Research Report 2012-2024
    Published: 12-Jul-2019        Price: US 4300 Onwards        Pages: 120
    Summary The global Financial Smart Cards market will reach xxx Million USD in 2019 with CAGR xx% 2019-2024. The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc. Based on products type, the report describes major products type share of regional market. Products mentioned a......
  • Fuel Cards Portugal 2018
    Published: 12-Jul-2019        Price: US 2295 Onwards        Pages: 43
    Fuel Cards Portugal 2018 Summary Fuel Cards in Portugal 2018 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to 2022, key data on independent and oil company card issuers and an analysis of fuel card competition in the Portugal. Total fl......
  • Global Financial Smart Cards Industry Market Research Report
    Published: 11-Jul-2019        Price: US 2960 Onwards        Pages: 105
    The Financial Smart Cards market revenue was xx.xx Million USD in 2014, grew to xx.xx Million USD in 2018, and will reach xx.xx Million USD in 2024, with a CAGR of x.x% during 2019-2024. Based on the Financial Smart Cards industrial chain, this report mainly elaborates the definition, types, applications and major players of Financial Smart Cards market in details. Deep analysis about market status (2014-2019), enterprise competition pattern, advantages and disadvantages of enterprise products, ......
  • Payments Landscape in Kuwait: Opportunities and Risks to 2023
    Published: 11-Jul-2019        Price: US 2750 Onwards        Pages: 51
    Payments Landscape in Kuwait: Opportunities and Risks to 2023 Summary GlobalData's "Payments Landscape in Kuwait: Opportunities and Risks to 2023", report provides detailed analysis of market trends in the Kuwaiti cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards and cheques during the review-period (2015-19e). The report also analyzes various payment card markets operatin......
  • Fuel Cards in Ireland 2018
    Published: 11-Jul-2019        Price: US 2295 Onwards        Pages: 48
    Fuel Cards in Ireland 2018 Summary Fuel Cards in Ireland 2018 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to 2022, key data on independent and oil company card issuers and an analysis of fuel card competition in Ireland. Total fleet ......
  • Fuel Cards in Mexico 2018
    Published: 10-Jul-2019        Price: US 2295 Onwards        Pages: 26
    Fuel Cards in Mexico 2018 Summary Fuel Cards in Mexico 2018 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to 2022, key data on independent and oil company card issuers and an analysis of fuel card competition in Mexico. Total fleet car......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs