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Number of payment cards in Azerbaijan increase by almost 9 percent in a year

Business Materials 8 November 2013 19:13 (UTC +04:00)

Baku, Azerbaijan, Nov. 8
By Emin Aliyev - Trend: The number of payment cards in Azerbaijan slightly reduced by 0.3 per cent to 5.347 million units in September compared to August. However their number increased by 8.6 per cent compared to the same period of 2012, a statistical report of the Central Bank of Azerbaijan (CBA) said.

According to the report, the total turnover on payment cards via ATMs and POS-terminals amounted to 833 million manat and the total number of transactions to 5.618 million units in September.

The number of transactions on debit cards equalled 4.59 million units to the sum of 682 million manat.

Around 3.086 million transactions amounting to 617 million manat of the total number of transactions on debit cards were implemented via ATMs within the country and around 499,000 transactions amounting to 44 million manat via POS-terminals.

At least 1,028 transactions worth 151 million manat were implemented on credit cards in September 2013.

As many as 318,000 transactions amounting to 75 million manat of the total number of transactions on credit cards were implemented via ATMs and around 302,000 transactions amounting to 60 million manat via POS-terminals, the report said.

As of October 1, 2013, around 2,396 ATMs operated in the country, about 1,355 of which are located in Baku and 1,041 in other cities and regions of the country. Their total number increased by 172 units or 7.7 per cent per year.

The number of POS-terminals amounted to 35,152 units, around 31,068 of which are installed in Baku and 4,084 units in other cities and regions as of October 1, 2013.

The number of POS-terminals has decreased by 1,550 units or by 4.3 per cent since September 2012.

The official exchange rate on Nov.8 is 0.7843 AZN/USD.

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