ICC (Interbank Card Center)Interbank processing center for domestic card transactions, set up to keep in the country flows that were previously routed abroad.Central Bank of Azerbaijan · since 2016Card transactions up 27% in 2024 to AZN 126 billion (about $74.1 billion); 91% of transactions made electronically in April 2025 (CBAR, cited by Transfi).
Global registry · Asia-Pacific · Central Asia
Azerbaijan Payment systems
8 systems listed.
This country doesn’t have a written market analysis yet: e-commerce shares, regulator, and key players are still to be documented. The systems below, however, are verified.
IBAN · Azerbaijan
28 characters52 BIC codes
- Total length
- 28 characters
- Bank code position
- 5–8
- BBAN structure
4!a20!c
Structurally valid example
AZcountry code21check digitsNABZbank00000000137010001944account
AZ21 NABZ 0000 0000 1370 1000 1944
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Card schemes
Instant payments
AZIPSAzerbaijan’s RTGS system, built on SWIFT and migrated to ISO 20022, which handles the country’s large-value settlement.Central Bank of the Republic of Azerbaijan (CBAR) · since 2001908,000 transactions worth AZN 195.6 billion in 2020; about 31,000 transactions a month in February 2024, with an average value of AZN 252.8 (CBAR, cited by Transfi).
IPS / AÖS (Ani Ödənişlər Sistemi)Azerbaijan’s instant payment system, behind the fastest shift to instant payments in the region. It was created by presidential decree under the 2018–2020 state program to expand digital payments.Central Bank of Azerbaijan · since 2020Instant payments’ share of the national system rose from 2.4% to 54% in one year (CBAR statement reported by APA, 2025); settlement in 5 to 20 seconds, with a limit of AZN 40,000 per transaction.
Clearing and settlement
CISMSCentralized information system for bulk payments, predating the GPP, which centralizes biller reference data.Central Bank of Azerbaijan · since 2008
GPP (Government Payment Portal)One-stop portal for collecting Azerbaijan’s taxes, duties, and budget payments: the country’s public bill payment system.Central Bank of Azerbaijan · since 2012
LVPCSS (XÖHKS)Clearing and settlement system for low-value payments: Azerbaijan’s ACH, which complements AZIPS.Central Bank of Azerbaijan · since 2002
Acquiring and processing
MilliKartAzerbaijan’s leading card processor, now licensed by the central bank as a payment system operator in its own right.MilliKart LLC (set up by the CBAR (Central Bank of the Republic of Azerbaijan) in 2006; now holds a payment system operator license) · since 2006
AzericardAzerbaijan’s long-established card processor, now holder of the first payment system operator license issued by the central bank. The change puts it on the same footing as MilliKart and moves it from technical subcontractor to supervised infrastructure. The original entry also described it as a “payment organization”: only the payment system operator license is confirmed by the register.Azericard LLC (listed in the Central Bank of Azerbaijan’s public register of supervised entities, headquartered at 67 Nizami Street, Baku.)Payment system operator license No. ÖSO-001, issued September 12, 2024 (CBAR public register, accessed August 2026)