Millikart
- Company typePrivate
- Founded2006
- HeadquartersBaku, Azerbaijan
- Headcount11–50
- GTM typeB2B
- OfferingServices
Millikart firmographics
Firmographics- Name
- Millikart
- Legal name
- MilliKart MMC
- Website
- https://millikart.az
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Millikart industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payment Gateways & Orchestration (BPAMAFAA)
- akta.pro secondary industries
- EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG), Card Issuing Platforms (Issuer Processing) (FSAGABAD)
Keywords
Where Millikart is headquartered
LocationHeadquarters
- HQ city
- Baku
- HQ country
- Azerbaijan
- HQ region
- Asia
Offices1 record
Markets served
Millikart business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Card Processing Services: Processing fees charged to banks and financial institutions for card payment transactions including ATM, POS, and e-commerce transactions
- ATM Management Services: Technical support and connectivity services for ATM networks
- POS Terminal Management: Installation, technical support, registration, and management of POS terminals for merchant acquiring
- Card Personalization Services: In-house card personalization bureau providing EMV-standard card production for banks
- SMS Banking Services: Mobile banking notifications and transaction alerts for cardholders
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
Millikart product offering
Product offeringCore offering
MilliKart provides end-to-end card payment processing infrastructure for banks, non-bank credit organizations, insurance companies, and payment aggregators in Azerbaijan. Its core services span ATM connectivity, POS terminal management, EMV-standard card personalization, SMS/internet banking, and 3D Secure online transaction authentication. The company also offers the M+ mobile payment (mPOS) platform, instant card issuance, fraud detection, and full integration with VISA, Mastercard, and UnionPay International card networks.
Product overview
MilliKart is a payment processing infrastructure providing comprehensive card payment services across Azerbaijan. The company operates as a card processing center serving banks, non-bank credit organizations, and other financial market participants. Core products include ATM Management, POS Management, SMS Banking, Internet Banking (iBanking), Card Personalization, and 3D Secure authentication. Key branded solutions include M+ (mobile payment/mPOS), CIB mobile banking app, and the Mplusapp Facebook-based loyalty platform. Additional services encompass Cash Algorithm (denomination-optimized ATM withdrawals), Cash by Code (cardless money transfer), VISA Personal Payment/MasterCard Money Transfer, Instant Issuance, Bonus & Installment cards, E-Commerce (Come2Shop), and UnionPay International acceptance. The company supports all major card types including hybrid chip cards, contactless cards, and prepaid cards. MilliKart holds full membership in VISA, Mastercard, and UnionPay International payment systems.
Differentiator
Problem solved
Functional benefit
Brands
- M+: Mobile payment solution platform developed in partnership with goSwiff for accepting payment cards via mobile devices.
- CIB
- ParPar
Products and services
- ATM Management Services Connection and technical support services for bank-owned ATMs including cash-in and cash withdrawal functionality, transaction processing, and ATM network management. Service is delivered to banks and financial institutions across Azerbaijan.
- POS Terminal Management Installation, technical support, registration, and deregistration of POS terminals in tax authorities on behalf of merchant acquiring banks. Used by financial institutions and merchants across Azerbaijan for card acceptance.
- Card Personalization Bureau In-house EMV-standard card personalization service including chip and magnetic stripe personalization, PIN envelope printing, and card packaging according to Visa and MasterCard requirements. Provides banks with compliant card production capabilities.
- SMS Banking Services Cardholder notification service enabling real-time balance inquiries, transaction alerts, and account control via SMS, including support for mobile number portability. Sold to banks as a subscription-based service for their cardholders.
- Internet Banking (iBanking) Online payment card management system accessed via ibanking.millikart.az that allows cardholders to perform real-time transactions 24/7 including balance checks, account statements, Card-to-Card transfers, and online payments for utilities, internet, and mobile operators.
- 3D Secure Service Online transaction security service implementing Verified by Visa and MasterCard SecureCode authentication protocols, using dynamic OTP for fraud protection during e-commerce transactions. Certified under PCI 3DS 1.0 standards.
- M+ Mobile Payment Platform (mPOS) Mobile payment platform developed in collaboration with goSwiff enabling acceptance of payment cards via mobile devices (smartphones/tablets). Designed for small businesses with micro-outlets through to large merchants with thousands of agents, providing high security through advanced identification technology.
- CIB Mobile Banking App Mobile banking application available on major mobile platforms that allows cardholders to manage card funds and perform financial transactions via smartphones, supporting approximately 95% of devices with full online banking functionality.
- ParPar Gift Card Service Gift card product offered in partnership with ParPar for promotional and gift purposes, enabling businesses and individuals to issue branded gift cards accepted across partner merchants.
- UnionPay International Acceptance Service Acceptance service enabling UnionPay cardholders to withdraw cash from ATMs and pay for goods/services at POS terminals across the MilliKart network. First such implementation in Azerbaijan for the Chinese national payment system.
- Card Processing Services (ATM/POS/E-commerce) Central card payment transaction processing service covering ATM withdrawals, POS purchases, e-commerce transactions, and card-present/card-not-present scenarios. Provides authorization, clearing, and settlement across multiple card networks (VISA, Mastercard, UnionPay) for partner banks and financial institutions.
Quantifiable outcome
- 236,000 cards processed as of 2012
- +4 more outcomes
Companies that use Millikart
Customer profileNamed customers23 records
Segments5 records
Ideal customer profiles3 records
Millikart technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature7 records
Millikart partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- STEP IT AcademyminorMemorandum of cooperation for IT education development, joint programs, and mutual promotion of information technology sector. MilliKart provides internship programs and employment opportunities for academy students.
- BakcellminorTechnical support for ULDUZUM loyalty program serving Bakcell subscribers. Program offers discounts at partner restaurants, shops, and service points.
- goSwiff (reiterated)coreM+ mobile payment platform enabling merchants to accept card payments via mobile devices with card reader
- UnionPay InternationalcoreFirst partnership in Azerbaijan for acquiring UnionPay cards. ATM and POS networks of member banks now accept UnionPay cards. UnionPay is a Chinese national payment system with over 3 billion cards issued worldwide.
- goSwiffcoreCollaboration to launch M+ mobile payment solution - the first mobile payment project in Azerbaijan and the Transcaucasus region. goSwiff provided the mobile payment platform technology enabling MilliKart to offer mobile card acceptance via smartphones and tablets with card reader.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Millikart competitors and assessment
Company assessmentMarket position
Weaknesses4 records
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
Millikart social profiles
Digital presenceMillikart compliance and trust
Trust signalCompliance5 records
Millikart financial estimates
Financial estimateRevenue estimate
Valuation estimate
Millikart leadership team
Management profileNumber of profiles
Profiles2 records
Millikart funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Millikart M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Millikart
What does Millikart do?
MilliKart provides end-to-end card payment processing infrastructure for banks, non-bank credit organizations, insurance companies, and payment aggregators in Azerbaijan. Its core services span ATM connectivity, POS terminal management, EMV-standard card personalization, SMS/internet banking, and 3D Secure online transaction authentication. The company also offers the M+ mobile payment (mPOS) platform, instant card issuance, fraud detection, and full integration with VISA, Mastercard, and UnionPay International card networks.
Is Millikart a public or private company?
Millikart is a private company. It is classified as corporate owned and is currently operating.
When was Millikart founded?
Millikart was founded in 2006. It employs 11 to 50 people.
Where is Millikart based?
Millikart is headquartered in Baku, Azerbaijan, in the Asia region.
How does Millikart make money?
Five revenue lines are on record. Card Processing Services are the primary driver. The others are ATM Management Services, POS Terminal Management, card Personalization Services and SMS Banking Services.
Does Millikart have an API?
No public API is recorded for Millikart.
What industry is Millikart in?
Millikart's product category is Payment Processing. Its primary akta.pro industry code is BPAMAFAA, Payment Gateways & Orchestration, with a secondary code of FSAMADAG, EMV Chip, Magstripe & PIN Debit Acceptance. Its NAICS code is 52232 and its SIC code is 6199.