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Azerbaijani processing centre ups number of cards by 6.2 percent

Business Materials 18 October 2011 17:01

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

The number of active cards served by Azerbaijani processing center Milli Kart amounted to 172,000 units as of the third quarter of 2011. The figure increased by 1.2 percent per quarter and 6.2 percent since early 2011, the processing center told Trend on Tuesday.

The number of ATMs amounted to 311 units, increasing by 5.8 percent.

The number of POS-terminals increased by over 1.2 times from 2,333 to 2,900 units.
About 12 banks are served in the system of Milli Kart. As of the third quarter, four banks emit VISA cards, one bank - MasterCard, three banks - local cards, four banks - MasterCard and VISA.

Milli Kart was established July 14, 2006 after 18 commercial banks redeemed a processing center of card payments from the Central Bank of Azerbaijan.

The founders of the center are Atabank, Demirbank, AzerTurkbank, Bank of Baku, Azerbaijan Senayye Bankasi, Amrahbank, Xalq Bank, Credo Bank, Access Bank, ParaBank, RabitaBank, Bank Respublika, Bank Standard, Texnika Bank, Turan Bank, UniBank and Zamin Bank.

The official exchange rate is 0.7869 manat to $1.

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