AzeriCard is an Azerbaijani bank card processing company. The International Bank of Azerbaijan owns 100 percent of AzeriCard.
AzeriCard offers customers what is known as a “mobile wallet." Customers can use their smartphone to pull out cash from ATMs without using an actual bank card during the transaction. The technology is named “Way4 Cash By Code."AzeriCard worked with technology company OpenWay to produce the mobile wallet service.By 2011, 15 banks in Azerbaijan were using mobile banking technology provided by AzeriCard.As of 2016 November-end, 35% of plastic cards, 65% of ATMs and 62% of point-of-sale terminals in Azerbaijan are served by AzeriCard.Currently, more than twenty banks locally and internationally use the services of AzeriCard.As of the beginning of 2017, there are two other companies in addition to AzeriCard that provide card processing services: MilliKart and KapitalBank.
In 1997 AzeriCard was credited with creating the very first bank card in the country of Azerbaijan; the card was issued by the International Bank of Azerbaijan.AzeriCard’s systems work with MasterCard, Visa, American Express, Diners Club, UnionPay and JCB International.AzeriCard is one of several subsidiaries of the International Bank of Azerbaijan. Other subsidiaries are:.IBA-MoscowInternational Bank of Azerbaijan-GeorgiaInternational Insurance CompanyIn addition to the International Bank of Azerbaijan, AzeriCard works directly with IBA-Moscow and IBA-Georgia.Banks that use AzeriCard’s services are:
AGBankAmrahbankAtaBankBank RespublikaInternational Bank of AzerbaijanPASHA BankNikoil BankZiraat Bank AzerbaijanSilk Way BankTuranBankXalq BankAFB BankAzer-Turk BankBank AvrasiyaBank BTBNBC BankCaspian Development BankMuganBankRabitabankVTB Bank AzerbaijanKDB Bank Uzbekistan 
