The Republic of Azerbaijan is the largest country in the Caucasus region located at the crossroads of Western Asia and Eastern Europe. Link to external site : Website for Azerbaijan |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
31,248.48 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
8.961 Upgrade to Bronze |
| Currency | AZN |
| Class | |
| CountryISO | AZ |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["Azercell",4000000],["Bakcell",3159000],["Nar Mobile (Azerfon)",1750000],["Fonex (Catel)",51775]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",472665],["Q4 2001",661750],["Q4 2002",878600],["Q4 2003",1112140],["Q4 2004",1475000],["Q4 2005",2041000],["Q4 2006",3123000],["Q4 2007",4480250],["Q4 2008",5848500],["Q4 2009",7195047],["Q4 2010",8451824],["Q4 2011",9421193],["Q4 2012",10120843],["Q4 2013",10596383],["Q4 2014",10898472]],"options":{"title":"Connections"}}
| Channel Analysis |
No data to report Upgrade to Bronze |
| COT Analysis |
No data to report Upgrade to Bronze |
| Persona Analysis |
No data to report Upgrade to Bronze |
| Products |
No data to report Upgrade to Bronze |
| PI Analysis |
No data to report Upgrade to Bronze |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system Upgrade to Bronze |
| Law is based on | |
| Approach | |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Bank Led Upgrade to Bronze |
| DominantModel |
Bank Led Upgrade to Bronze |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",84.28],["Banked",17],["Internet",12],["Urban",52],["Adult",77],["Literate",99.50075415]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 8.57 |
| Adult % | 77.00 |
| Migrants % |
2.00 Register/Log In |
| Stock Immigrants ('000) |
263.90 Upgrade to Bronze |
| Emigration Rate % |
14.30 Upgrade to Bronze |
| Internal Migrants ('000) |
1,900.00 Upgrade to Bronze |
| Internal Migration Rate % |
33.20 Upgrade to Bronze |
| Intl Movement Rate % |
15.80 Upgrade to Bronze |
| Urban % | 52.00 |
| Female % | 57.00 |
| Literate % | 99.50 |
| Annual Growth % |
| Mobile Penetration % | 84.28 |
| Banked % | 17.00 |
| Access to FS % | 17.00 |
| Internet % | 12.00 |
| Branches per 100k adults | 9.42 |
| ATMs per 100k adults | 23.05 |
| POS per 100k adults | 112.10 |
| Prepaid % | 95.40 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 6.00 |
| Monthly ARPU |
15.67 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Medium Term Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets |
Azericard Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |