Komtec

What Komtec does

Komtec Ltd, doing business as MilliÖN, is an Azerbaijani electronic payment service provider founded in 2008 and headquartered in Baku. The company operates the country's largest bill-payment aggregation network, with 2,500+ self-service payment terminals deployed in shopping centers, banks, metro stations, supermarkets, airports, bus stops, and government buildings, complemented by a network of payment agents and regional service centers in Xırdalan, Ganja, and Lankaran. MilliÖN aggregates 150+ companies across 500+ service types, including all major mobile operators (Azercell, Bakcell, Nar), utilities (Azəriqaz, Azərişqıq, ADSEA/Azərsu), banking services, government fines, internet, cable TV, insurance, education, and other categories, and reports more than 10 million cumulative payment transactions and 2 million+ unique customers. Core technology comprises terminal hardware, the PashaPay/M10/M10 Business mobile applications, and a centralized payment processing system with 3-D Secure authentication, 24/7 server monitoring, transaction logging, and a fraud analytics program; the platform holds ISO 9001:2008 certification since 2012.

The business model is transaction-fee based: MilliÖN charges commissions on each payment routed through its network and shares revenue with payment agents. A consumer-facing bonus program returns 0%-0.39% of payment value depending on the service provider, structuring consumer incentives while monetizing through merchant-side economics. Go-to-market is direct-to-consumer through physical terminal and agent network presence, with digital channels (PashaPay, M10) extending the same merchant aggregation into mobile use cases. The platform operates exclusively in Azerbaijan with no disclosed international expansion. Customer segments split between individual consumers paying routine bills and a smaller business-partner segment that integrates as merchants or agents; no institutional investors, funding rounds, or M&A activity are disclosed, indicating a founder-operated private company.

Name

Komtec

Legal name

Komtec Ltd

Website

https://million.az

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Komtec (MilliÖN) is an Azerbaijani electronic payment aggregator operating 2,500+ self-service terminals and a mobile payment network that lets consumers pay utilities, mobile, banking, government, and other bills across 500+ service types from 150+ companies.

Ownership category

akta.pro rank

Product category

Electronic Payment Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Finance Services (6199), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro industry

PRIMARYFSAMADAE

Unattended & Self-Service Payments (Kiosks, Vending, Parking, EV Charging)

Financial & Insurance/Payments & Transaction Processing/Point-of-Sale (POS) Payments & Terminals

SECONDARYFSAGABAA

Payment Orchestration Platforms

Financial & Insurance/Financial Technology (Fintech)/Payment Orchestration & Fintech Infrastructure (APIs, Issuing, Processing)

Keywords

• Electronic payment services
• Payment terminal network
• Utility bill payments
• Mobile payment processing
• Agent payment services

Headquarters

HQ city

Baku

HQ country

Azerbaijan

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Operations, Personnel, Marketing or Sales

Revenue model

1. Payment Transaction Fees: Commission-based revenue from processing payments for over 150 companies across 500+ service types including utilities, mobile operators, government payments, banking services, internet, cable TV, insurance, entertainment, and more
2. Agent Network Commissions: Revenue sharing with payment agents who provide terminal services

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Komtec Ltd, operating as MilliÖN, runs Azerbaijan's leading multi-channel electronic payment platform that lets consumers pay utilities, mobile, internet, cable TV, insurance, banking, government fines, education, and other services through a network of 2,500+ self-service payment terminals, an agent network, and mobile apps (PashaPay, M10, M10 Business). The platform aggregates 150+ companies offering 500+ service types and supports card and electronic-wallet transactions with bonus rewards on selected payments.

Product overview

MilliÖN is a comprehensive online payment ecosystem consisting of a physical terminal network (2,500+ self-service kiosks), a mobile application, and the M10 electronic wallet. The platform aggregates over 150 companies and 500+ service types including mobile operators (Azercell, Bakcell, Nar), utilities (Azəriqaz, Azərsu, Azərişıq), banking services, insurance, internet providers, cable TV, education, entertainment, betting, hotels, taxis, parking, charity, and government payments. The ecosystem is built and maintained by PashaPay.

Differentiator

Problem solved

Functional benefit

Brands

• M10: Mobile payment application for making payments
• M10 Business

Products and services

• MilliÖN Online Payment Platform Azerbaijan's leading multi-channel online payment platform and terminal network enabling consumers to pay utility, mobile, internet, cable TV, banking, insurance, government, and other bills. Aggregates 150+ companies and 500+ service types and has processed 10 million+ transactions for 2 million+ unique customers.
• MilliÖN Payment Terminals (self-service kiosks) Self-service payment kiosks located in shopping centers, business centers, banks, government buildings, pedestrian crossings, metro stations, supermarkets, airports, and bus stops. Customers use them to pay utility, mobile, internet, cable TV, banking, insurance, government fines, and other service bills with bonus rewards on selected providers.
• MilliÖN Mobile Application (PashaPay) Mobile app for consumers in Azerbaijan to pay utility, mobile, internet, cable TV, banking, insurance, government, and other bills, manage their account, and view transactions. Distributed via the PashaPay app store hub.
• M10 Electronic Wallet Electronic wallet service allowing fee-free transfers and payments to consumers in Azerbaijan, accessed via the M10 mobile app.
• M10 Business Business version of the M10 electronic wallet for business users in Azerbaijan to make and manage business payments and transfers.

Quantifiable outcome

• 10 million+ payment transactions processed
• +2 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• PashaPay MMCcoreChannel Partner/ Reseller/ DistributorPashaPay MMC is the parent company operating the MilliÖN brand. The company develops and manages the MilliÖN payment system, operates payment agents across Azerbaijan, and provides mobile applications (PashaPay, M10). All rights reserved © 2026 MilliÖN Developed by PashaPay.
• İsmayılov Aydın Mustafa oğluminorChannel Partner/ Reseller/ DistributorIndividual payment agent operating in Agsu district, Azerbaijan (VÖEN: 3500238332)
• Zeynalov Elgün Yusif oğluminorChannel Partner/ Reseller/ DistributorIndividual payment agent operating in Qubadli district, Azerbaijan (VÖEN: 4600493372)
• Alıoglu Termınal MMCminorChannel Partner/ Reseller/ DistributorCompany payment agent operating in Narimanov district, Baku (VÖEN: 1506618611)
• Etapay MMCminorChannel Partner/ Reseller/ DistributorCompany payment agent operating in Yasamal district, Baku (VÖEN: 1307579661)
• Multi Technologies MMCminorChannel Partner/ Reseller/ DistributorCompany payment agent operating in Nasimi district, Baku (VÖEN: 1406998821)

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• eManat: Azerbaijan's main competing payment-terminal operator offering mobile, utility, and government bill payments through physical kiosks and a mobile app. Directly comparable to MilliÖN in product (self-service kiosks + app), customers (Azerbaijani consumers), and service categories.
• ExpressPay: Azerbaijan-based payment service providing online and terminal-based bill payment solutions for utilities, mobile, and internet services. Overlaps directly with MilliÖN on bill aggregation, mobile top-up, and consumer payment use cases.

Regional players

• Kassa24: Kazakhstan-based online payment and bill-aggregation platform offering utilities, telecom, government, and e-commerce payments via web and mobile. Comparable to MilliÖN as a regional bill-payment aggregator in the former-Soviet/Central Asia corridor.
• AzeriCard: Leading Azerbaijani card payment processor providing acquiring, issuing, and ATM/POS services to banks and merchants. Comparable to MilliÖN as domestic payment infrastructure, though focused on card acquiring rather than bill aggregation.

Broad incumbents

• Network International: Middle East and Africa-focused payment processor offering merchant acquiring, card issuing, and managed payment services. Comparable to MilliÖN on emerging-market payment processing, though broader in scope (acquiring/issuing) and geographically focused on MEA.
• Worldline: European-headquartered global payments processor providing merchant acquiring, terminal management, and digital payment services. Comparable to MilliÖN on payment processing infrastructure for billers and merchants, but at enterprise scale across multiple geographies.
• Euronet Worldwide: Global payments processor and operator of one of the largest ATM and payment-acceptance terminal networks across emerging markets. Comparable to MilliÖN on the unattended/self-service terminal model in developing markets, though at much broader geographic scale.
• NCR Atleos: Global provider of self-service kiosks, ATMs, and payment-acceptance hardware and software. Comparable to MilliÖN on the unattended-payment-kiosk hardware and software stack powering the terminal network.

Emerging players

• QIWI: Russia/CIS-focused payment service provider operating payment terminals, electronic wallets, and bill-payment kiosks across multiple markets. Directly comparable to MilliÖN in CIS-emerging-market bill-payment terminals and consumer e-wallet model.

Others

• PashaPay: Related Azerbaijani fintech entity that develops and manages the MilliÖN system and operates PashaPay/M10 mobile apps. Sister/development entity sharing the same payment platform customers and developer footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/milli0n.az
• Instagraminstagram.com/milli0n.az
• Xx.com/komtecltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Komtec