Azerbaijan 2026
Market Overview Payment Organisation AzeriCard, owned by International Bank of Azerbaijan; MilliKart, owned by 17 banks and EBRD. Domestic Card Brand AzeriCard, (few) Millikart. Market Structure VISA and Mastercard are the principal payment cards issued in Azerbaijan. Also: American Express cards and Diners Club cards. An estimated 50% of cards are VISA-branded. Salary cards have […]
Belarus 2026
Market Overview Payment Organisation JSC ‘Banking Processing Center’ (BPC) Domestic Card Brand BelKart cards, some banks co-badge Belkart with Maestro. Market Structure Cards issued reached 2.13 per capita in 2024, up from 0.36 in 2006. Debit cards predominate, and the BelKart scheme accounted for 34% of all cards. Only about 5% of cards issued are […]
Georgia 2026
Market Overview Payment Organization None. Domestic Card Brand PAY debit cards. Market Structure Cards per capita reached 2.58 in 2024, an 8.13% rise from 2023. Cards issued have more than doubled since the 2008 Russian incursion.POS payments to merchants are much higher than the norm for emerging payment markets. All Georgian banks are privately-owned. Foreign […]
Kyrgyzstan 2026
Market Overview Payment Organisation Interbank Card Processing Centre (ICPC). Domestic Card Brand Elkart cards (Elkart), from 2016, also co-badged UnionPay Interregional Zolotaya Korona cards, many co-badged AlaiCard Market Structure The Kyrgyz card payments market is at an early stage of development and suffered a setback with the upheavals of 2010. VISA is the dominant international […]
Kazakhstan 2026
Market Overview Payment Organisation Interbank Card Processing Centre (ICPC). Domestic Card Brand Altyn Card. Market Structure Though two banks issue proprietary local debit cards, nearly all cards are internationally branded. Three banks issue UnionPay cards. VISA predominates, with a market share of 48.80%. Central bank figures show that 50.6% of cards in circulation are classed […]
Moldova 2026
Market Overview Payment Organisation MoldMediaCard Domestic Card Brand None. Market Structure Moldovan retail banks issue cards with one of the Mastercard or VISA brands. While ATM transactions are the dominant form of card use, POS payments are growing fast, showing a CAGR of 40.03% between 2019 and 2024. Over the same period, ATM withdrawals grew […]
Ukraine 2026
Market Overview Payment Organisation PROSTIR (Ukrainian Payments Area), formerly NSMEP. Ukrainian Interbank Payment Systems Member Association “EMA” Domestic Card Brand PROSTIR cards (replacing NSMEP cards). UkrKart, cards, some are co-badged, Maestro. Market Structure PROSTIR, the new domestic contactless card scheme, has won increased support from the Ukrainian payments industry. The first Mastercard and VISA programmes […]
Uzbekistan 2026
Market Overview Payment Organisation National Interbank Payment System (UZKART). Domestic Card Brand UzCard cards. Market Structure Historically, more than 80% of cards issued were domestic-only UzCard cards using Duet smart card technology. Since 2015, UzCard cards have been issued as EMV cards branded with the new UzCard logo. From 2018, UzCards are co-badged with UnionPay. […]
Eurasian Payments Report Overview Part 1 – Eurasian Overview 2025
1. Eurasian Overview Banking sectors in Europe and the formerly state-owned Eurasian banks have completely different historic roots. In addition, their transformation has followed separate strategies. This overview section illustrates the evolution of the Eurasian banking sector to date. Regional Integration – Eurasian Economic Union The Eurasian Economic Union (EAEU) was formally launched on January […]
Eurasian Payments Report Overview Part 2 – Cards Overview 2025
2. Cards Overview The cards overview section of the Eurasian Digital & Card Payment Yearbook 2024-2025 is composed of comparative statistics from the issuer bank point of view reviewing the latest available card data from 2019 to end-2023. National Central Bank statistics are the primary source for the Eurasian states, supplemented with respect to Russian […]