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m10 review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

m10 is a digital-only wallet account run by PashaPay in Azerbaijan, built for people who move money at home and abroad. Costs sit at the good end: the monthly fee is free and it ranks first on currency conversion fee among the 312 brands here.

Key facts

Best for
A free everyday wallet in Azerbaijan for cross-border payouts and app-based banking.
Monthly fee
AZN 0↗
Currency conversion fee
0%↗
Free ATM withdrawals
AZN 0↗
Transfer fee
m10 wallet: wallet-to-wallet free; wallet-to-card free up to 5,000 AZN per month, then 0.5% up to 20,000 AZN and 0.3% above; QR cash out 0.5% (min 1 AZN); international transfers 0%↗
Legal entity
PashaPay LLC↗
Headquarters
Azerbaijan↗
Founded
2005↗
Support channels
Email, Chat, Phone, Help-centre↗
Pricing model
No monthly fee, Low FX fees
Features
Digital-only
Official website
m10.az

Money transfer

Delivery time
Usually within 2 minutes (international transfers)↗
Payout methods
Bank, Cash-pickup, Wallet, Card↗
Fee to send 1,000
AZN 0↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Elsewhere
instagram.comfacebook.com

Pros and cons

Pros

  • Cross-border payments move quickly, with delivery time of Usually within 2 minutes (international transfers).
  • Payouts reach a bank account, cash pickup, a wallet or a card, as listed under bank, cash pickup and wallet.
  • Help is available on email, chat and phone, covering phone, chat, email and a help centre.
  • The service is licensed by the Central Bank of the Republic of Azerbaijan under EPT-004.

Cons

  • m10 is digital only, so there is no branch to visit if you prefer handling money in person.
  • The free ATM allowance is AZN 0, which leaves cash withdrawals with no free amount included.
  • The transfer fee schedule applies a percentage once the monthly wallet to card allowance is used, and a percentage on QR cash out.
m10

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Scored 9.4 / 10 by VaultCue.

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Who it suits

  • People in Azerbaijan who want an everyday account with a free monthly fee and no branch visit.
  • Freelancers and small businesses paid from abroad who need fast cross-border payouts.
  • Anyone comfortable running their money in an app, given the account is digital only.

Who should look elsewhere

  • People who want a card centred account rather than a wallet: Varo Visa Debit Card is built around a debit card and charges a monthly fee of $0.
  • Anyone based outside Azerbaijan who wants a different regulator: m10 answers to the Central Bank of the Republic of Azerbaijan under EPT-004, while Crezu ES charges a monthly fee of €0.

Who runs it

m10 is operated by PashaPay LLC, based in Azerbaijan, and has traded since 2005. The service is licensed by the Central Bank of the Republic of Azerbaijan under EPT-004. Anyone who needs help can reach the team on email, chat and phone, which covers phone, chat, email and a help centre.

How m10 compares

Where m10 is available

Available
Azerbaijan
Licence in Azerbaijan
Central Bank of the Republic of Azerbaijan (EPT-004), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to hold an m10 account?+

The monthly fee is AZN 0, and the pricing model behind it is no monthly fee and low fx, so there is no monthly charge to keep the account open. The headline transfer fee is AZN 0 as well. Charges appear further down the schedule, on certain payouts and on cash out.

What does m10 charge for currency conversion?+

The currency conversion fee is 0%, and m10 ranks first on that measure among the 312 brands tracked here. For context, the site median conversion fee is 0.5%, so the gap to a typical account is wide.

How fast are international transfers?+

Delivery time is Usually within 2 minutes (international transfers), and the published schedule puts international transfers at no fee, so the speed does not come with an extra charge. The money can land in a bank account, a wallet, a card or as cash pickup through bank, cash pickup and wallet.

What does it cost to send money?+

The headline transfer fee is AZN 0. Beyond that, the published schedule keeps wallet to wallet transfers free, allows a free monthly amount for wallet to card payouts before a percentage rate applies, and charges a percentage on QR cash out.

How can I get my money out?+

Payouts go to a bank account, cash pickup, a wallet or a card, as set out in bank, cash pickup and wallet. That mix suits people who want cash in hand as well as those who want the money landing in their main bank account, and the charge differs by method.

Is m10 regulated, and is my balance protected?+

m10 is licensed by the Central Bank of the Republic of Azerbaijan under EPT-004. Treat the balance as money held with a licensed payment operator rather than a savings deposit, and read the terms before you keep a large sum.

Can I visit a branch or use cash machines?+

Not really. m10 is digital only, so everything runs through the app, and the free ATM allowance is AZN 0, which leaves cash withdrawals with no free amount. Help is still reachable by email, chat and phone.

Sources

  • m10.az/en checked September 26, 2026

    Backs: Support channels

    “Support - We are available 24/7 and will solve any issue by phone or chat”

  • m10.az/en/international-transfers checked September 26, 2026

    Backs: Currency conversion fee, Pricing model

    “m10 does not charge any transfer fees. However, the recipient's bank may apply a fee according to its own policies.”

  • m10.az/en/istifade-qaydalari checked September 26, 2026

    Backs: Features, Founded, Headquarters, Legal entity, Monthly fee, Licences

    “m10 Platform (m10 Wallet) - the software or website, where all property and intellectual property rights belong to PashaPay, on which the User can access payment services by connecting through a...”

  • m10.az/en/rates checked September 26, 2026

    Backs: Free ATM withdrawals, Transfer fee

    “QR Cash Out - 0.5% commission (min.1 ₼)”

  • m10.az/international-transfers checked September 26, 2026

    Backs: Delivery time

    “Xaricə pul köçürmələri adətən 2 dəqiqə ərzində həyata keçirilir. Emal müddəti tərəfdaşdan və ödəniş sistemindən asılıdır.”

  • m10.az/rates checked September 26, 2026

    Backs: Payout methods, Fee to send 1,000

    “Digər m10 hesabına köçürmələr - Komissiyasız; m10 hesabından karta köçürmələr; QR nağdlaşdırma - 0.5% komissiya (minimum 1 ₼)”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currencies.

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