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    Mastercard announces position in Azerbaijan’s financial market

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    By Sadig Javadov

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    Mastercard announces position in Azerbaijan’s financial market

    BAKU, Azerbaijan, September 16. Mastercard’s
    share in Azerbaijan varies between 30-40 percent, Emil Zeynalov,
    Mastercard’s country manager for Azerbaijan, said at a press
    conference on the impact of international sporting events on the
    Azerbaijani economy, economic indicators, and forecasts for
    Mastercard’s activities in the country, Trend reports.

    According to him, Mastercard continues its efforts to grow the
    cashless economy in Azerbaijan.

    “The statistics on Mastercard’s turnover in Azerbaijan make us
    very happy. Currently, the share of digitalization in the country
    has exceeded 30 percent. This is a good indicator compared to other

    The share of card turnover in Azerbaijan is 60 percent, and the
    number of cards in circulation has exceeded 20 million. These
    indicators are close to those in developed countries.

    As Mastercard, we’ll continue our efforts in the future,”
    Zeynalov noted.

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