Azerbaijan’s payment card market grows by 10 percent over a year
Baku, Azerbaijan, Oct. 8
By Azad Hasanli - Trend:
The number of payment cards in Azerbaijan has increased by 3.4 percent since early 2014 and hit 5.866 million units as of August 2014, according to the statistics report of the Central Bank of Azerbaijan.
Their number increased by 10.03 percent compared to the same period of 2013.
Some 4.685 million units of the total number of cards were debit cards, in particular, 2.544 million - social cards, 1.401 million - salary cards, 740,000 - other cards. The number of credit cards was 1.181 million units.
The total turnover on payment cards via ATMs and POS-terminals amounted to 7.674 billion AZN and the total number of transactions to 51.177 million units in January-August, according to the report.
The number of transactions on debit cards equaled 40.185 million units totaling 6.174 billion AZN.
Of the total number of transactions, around 32.321 million transactions amounting to 5.573 billion AZN were implemented on debit cards via ATMs within the country, and around 2.337 million transactions amounting to 386 million AZN via POS-terminals.
Some 10.992 million transactions worth of 1.499 billion AZN were made on credit cards in January-August 2014.
As many as 3.377 million transactions worth 782 million AZN, of the total number of transactions on credit cards, were implemented via ATMs and there were 4.9 million transactions worth of 331 million AZN via POS-terminals.
As of September 1, 2014, around 2,510 ATMs operated in the country of which 1,413 are located in Baku and 1,097 in other cities and regions of the country. Their total number increased by 135 units or 5.7 percent during a year (compared to early September 2013).
The number of POS-terminals amounted to 56,731 units of which 38,990 are installed in Baku and 17,741 units in other cities and regions as of September 1, 2014.
The number of POS-terminals increased by 21,016 units or 58.8 percent compared to January-August 2013.
The official exchange rate is 0,7844 AZN/USD Oct. 8.