The Gambling Market in Azerbaijan: What Makes it Attractive and Can You Connect International Acquiring?
Nowadays, many companies are starting to pay attention to Azerbaijan because the country’s economy is actively developing. This market holds significant attraction for gambling and betting projects. However, the relatively low level of development in the financial sector in this country can pose an obstacle to the successful implementation of high-risk businesses. Today, we will discuss the advantages of creating gambling projects in this new market and the possibilities of setting up acquiring services in Azerbaijan.
Growing Gambling Market
Online gambling in Azerbaijan is experiencing active development. With the increasing availability of the internet and the growing number of smartphone users, more and more people are turning to online platforms for entertainment and gambling. Expanding into this market could provide companies with the opportunity to carve out a niche, and take advantage of the increasing demand.
Three main advantages stand out for high-risk businesses:
1. Potentially Large Audience. Azerbaijan has a population of over 10 million people, which represents a potentially significant audience for gambling operators. Expanding into this market could allow companies to acquire a large number of new customers and increase their user base.
2. Legality and Regulation. Gambling and betting is legal in Azerbaijan. There is a regulatory authority that oversees and licenses operators. This creates a stable and reliable environment for companies, providing them with a legal foundation for their activities.
3.Lack of Competition. Currently, the gambling market in Azerbaijan is relatively underdeveloped, and the competition among operators is not as high as in some other countries. This means that a company can enter the market and capture its share before competition becomes more intense.
Specifics of Setting Up Acquiring in Azerbaijan
When expanding your company into a new market, ensuring the capability to accept payments is of utmost importance. Each country has its requirements and regulations governing acquiring that can pose obstacles for businesses. If you attempt to work with local payment services, difficulties are unavoidable. However, there is an alternative! Setting up an acquiring in Azerbaijan with Betatransfer is as easy as can be.
Our convenient payment solutions for accepting local currencies will help simplify transactions for local customers. And the lack of bureaucracy and special conditions for gambling and betting businesses will make it easier to enter a new promising market.
Want to know more about international acquiring from Betatransfer? We are always ready to answer any questions.