- Source: AzeriCard
AzeriCard is an Azerbaijani bank card processing company. The International Bank of Azerbaijan owns 100 percent of AzeriCard.
Products
= 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.
History
= 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
Nikoil 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
References
External links
AzeriCard company website
International Bank of Azerbaijan website
