ReportsWeb- The Cards and Payments Industry in Azerbaijan Emer

over $111,006.30 (AZN200,000) . Similarly, monthly cash payments for other tax payers have been limited to $8,325.50 (AZN15,000) . All transactions over the relevant value must be paid electronically. The regulation was made effective from January 1, 2017 for other tax payers, and from 1 April, 2017 for VAT-registered tax payers. These measures are aimed at encouraging cashless payments. - Banks are now also offering dual cards with the functionality of both debit and credit cards. Kapital Bank introduced the Visa Dual Card in Azerbaijan in May 2016, the first debit and credit card utilizing only one chip. The chip of the new card contains the numbers of both cards, which enables the card holder to use it as a debit and a credit card. The card can be linked to more than one account, in currencies including Azerbaijani manats, US dollars, and euros. - Growth in the payment cards market has encouraged several international payment processors to establish their operations in the country. For instance, JCB International, the international operations unit of Japanese credit card issuer and acquirer JCB, launched JCB merchant acquiring operations in Azerbaijan with the International Bank of Azerbaijan (IBA) in February 2016. The move enables JCB cards to be accepted at all the bank's acceptance locations across Azerbaijan. Request a sample copy at http://www.reportsweb.com/inquiry&RW0001884302/sample Reasons to buy - Make strategic business decisions, using top-level historic and forecast market data, related to Azerbaijan's cards and payments industry and each market within it. - Understand the key market trends and growth opportunities in Azerbaijan's cards and payments industry. - Assess the competitive dynamics in Azerbaijan's cards and payments industry. - Gain insights into marketing strategies used for various card types in Azerbaijan. - Gain insights into key regulations governing Azerbaijan's cards and payments industry. Companies Mentioned Kapital Bank International Bank of Azerbaijan Bank Technique AG Bank Express Bank Bank of Baku Unibank Yapi Kredi Bank Visa Mastercard Inquire for Report at http://www.reportsweb.com/inquiry&RW0001884302/buying

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