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Over 13 per cent increase in payment cards in Azerbaijan

Business Materials 13 December 2013 13:57 (UTC +04:00)

Baku, Azerbaijan, Dec. 13

By Emin Aliyev - Trend:

The number of payment cards in Azerbaijan slightly reduced by 0.3 per cent to 5.363 million in October compared to September, the Azerbaijani Central Bank said today.

However their number increased by 8.0 per cent compared to the same period of 2012.

According to the report, the total turnover on payment cards via ATMs and POS-terminals amounted to 901 million manat and the total number of transactions to 6.101 million units in October.

The number of transactions on debit cards equalled 4.96 million units to the sum of 741 million manat.

Around 4.129 million transactions amounting to 673 million manat of the total number of transactions on debit cards were implemented via ATMs within the country and around 579,000 transactions amounting to 49 million manat via POS-terminals.

At least 1137 transactions worth 160 million manat were implemented on credit cards in October 2013.

As many as 341,000 transactions amounting to 80 million manat of the total number of transactions on credit cards were implemented via ATMs and there were 579,000 transactions amounting to 49 million manat via POS-terminals, the report said.

As of November 1, 2013, around 2397 ATMs operated in the country, of which 1351 are located in Baku and 1046 in other cities and regions of the country. Their total number increased by 171 units or 7.7 per cent per year.

The number of POS-terminals amounted to 35,039 units, of which 30,897 are installed in Baku and 4142 units in other cities and regions as of November 1, 2013.

The number of POS-terminals has decreased by 1616 units or by 4.4 per cent since October 2012.

The official exchange rate is 0.7844 AZN/USD on Dec. 13.

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