Azerbaijan maintains active financial ties with Russia, and transfers from Russia to the country remain available through select banks and payment systems. The availability of a specific route depends on the recipient's bank, currency, and transfer method. This makes Azerbaijan one of the popular destinations for money transfers in the Caucasus. Baku, Ganja, and Sumgait are among the main cities for receiving transfers. Business ties between Russia and Azerbaijan remain active, creating a stable flow of both private and corporate money transfers.
Account details and payments in manat
The key feature of AZN (Azerbaijani manat) is its stable exchange rate to USD, maintained by the Central Bank of Azerbaijan. This makes the manat less susceptible to sharp currency fluctuations than, for example, TRY and other regional currencies. To credit a bank account, you need an IBAN of an Azerbaijani bank starting with AZ, as well as the BIC/SWIFT of the recipient's bank. Kapital Bank has one of the largest ATM networks in the country, which is convenient for subsequent cash withdrawals. E-manat is a widely used payment service in Azerbaijan for paying utilities and everyday payments. Birbank by Kapital Bank is a popular digital platform for transfers, payments, and QR code operations.
Transfer conditions
Azerbaijan's payment ecosystem: banks, cards, e-payments and transfers. Country — Azerbaijan. Receiving currency — AZN (Azerbaijani manat). Sending currency — RUB, USD and USDT. Transfer method — Visa and Mastercard bank cards or bank account. ATM24 commission — from 0.9%. Settlement time — from several minutes.
Payment systems and services
Azerbaijan's payment ecosystem: main payment systems and services. Category / System or wallet / Description. eManat — licensed payment service in Azerbaijan for paying various services and receiving payments. Birbank by Kapital Bank — digital banking ecosystem for transfers by phone number, payments and QR payment. Kapital Pay — Kapital Bank ecosystem; the bank has a wide network of ATMs in Azerbaijan, convenient for cash withdrawals and everyday banking operations. For government services, tax and other mandatory payments in Azerbaijan, the Government Payment Portal (GPP) is used. The IPS instant payment system provides transfers and payments in AZN 24/7. Financial regulator — Central Bank of Azerbaijan (CBAR), which regulates the banking sector, payment systems and currency market of the country. Banks in Azerbaijan typically operate Mon–Fri 9:00 to 17:00; in Baku some branches operate on Saturdays 9:00 to 13:00.