# AzeriCard

Canonical: https://web4.xpay.bi/en/wiki/wp-en-40307855/

Language: en

Published: 2026-10-30T19:07:50.077Z

Updated: 2026-10-30T19:07:50.077Z

AzeriCard is an Azerbaijani bank card processing company. The International Bank of Azerbaijan owns 100 percent of AzeriCard.

## Key facts

## Overview

AzeriCard is an Azerbaijani bank card processing company. The International Bank of Azerbaijan owns 100 percent of AzeriCard.

## Mobile Wallet

AzeriCard offers customers what is known as a “mobile wallet." Customers can use their smartphone to pull out cash from ATMs without using an actual bank card during the transaction. The technology is named “Way4 Cash By Code." AzeriCard worked with technology company OpenWay to produce the mobile wallet service. By 2011, 15 banks in Azerbaijan were using mobile banking technology provided by AzeriCard.

## Market share

As of 2016 November-end, 35% of plastic cards, 65% of ATMs and 62% of point-of-sale terminals in Azerbaijan are served by AzeriCard. Currently, more than twenty banks locally and internationally use the services of AzeriCard.

## Competitors

As of the beginning of 2017, there are two other companies in addition to AzeriCard that provide card processing services: MilliKart and KapitalBank.

## First bank card

In 1997 AzeriCard was credited with creating the very first bank card in the country of Azerbaijan; the card was issued by the International Bank of Azerbaijan. AzeriCard’s systems work with MasterCard, Visa, American Express, Diners Club, UnionPay and JCB International.

## Ownership

AzeriCard is one of several subsidiaries of the International Bank of Azerbaijan. Other subsidiaries are:. IBA-Moscow International Bank of Azerbaijan-Georgia International Insurance Company In addition to the International Bank of Azerbaijan, AzeriCard works directly with IBA-Moscow and IBA-Georgia.

## Customers

Banks that use AzeriCard’s services are:

AGBank Amrahbank AtaBank Bank Respublika International Bank of Azerbaijan PASHA Bank Yelo Bank Ziraat Bank Azerbaijan Silk Way Bank TuranBank Xalq Bank AFB Bank Azer-Turk Bank Bank Avrasiya Bank BTB NBC Bank Caspian Development Bank MuganBank Rabitabank VTB Bank Azerbaijan KDB Bank Uzbekistan

## See also

Banking in Azerbaijan Credit card International Bank of Azerbaijan List of companies of Azerbaijan

## External links

AzeriCard company website International Bank of Azerbaijan website

## Sources

- AzeriCard · Wikipedia: https://en.wikipedia.org/?curid=40307855

Source: Wikipedia contributors — https://en.wikipedia.org/?curid=40307855&oldid=1359469026

Licence: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/

Adaptation notice: Reformatted for XPay; the source may be abridged, restructured or translated. Consult the cited revision for the original.