Azerbaijani processing centre increases number of issued cards by 35 percent

Society Materials 18 January 2011 18:52 (UTC +04:00)

Azerbaijan, Baku, Jan .18 / Trend N. Ismayilova /

The number of active cards served by Azerbaijani processing center Milli Kart amounted to 162,000 units in 2010. The figure increased by 35 percent compared to 2009, the processing center said.

The number of ATMs, which amounted to 290 units, increased compared to 225 by late 2009.

The number of POS-terminals reduced from 2,500 to 1,200 units.

About 12 banks are served in the system of Milli Kart. Today, four banks (Demirbank, Unibank, Zamin Bank and Bank of Baku) migrated their card business in Milli Kart from another processing center Azerisard.

Ltd. was established July 14, 2006 after 18 commercial banks redeemed a processing center of card payments from the Central Bank of Azerbaijan. At present, the minimum participation of banks in the capital center is one percent, and maximal - 10 percent.

The founders of the center are Atabank, Demirbank, AzerTurkbank, Bank of Baku, Azerbaijan Senayye Bankasi, Debutbank, Amrahbank, Xalq Bank, Credo Bank, Access Bank, ParaBank, RabitaBank, Bank Respublika, Bank Standard, Texnika Bank, Turan Bank, UniBank and Zamin Bank . Milli Kart LLC was founded with a capital of four million manat.

The official exchange rate is 0.7974 manat to $1.