Number of payment cards increases by over three percent in Azerbaijan in first quarter
Baku, Azerbaijan, May 5
By Emin Aliyev - Trend:
The number of payment cards in Azerbaijan increased by 3.2 percent since early 2014 and hit 5,853 as of March 2014, according to the statistics report of the Central Bank of Azerbaijan.
Their number increased by 13.1 percent compared to March 2013.
Some 4,821 of the total number of cards were debit cards, in particular, 2,553 - social cards, 1,406 - salary cards, 862,000 - other cards. The number of credit cards was 1,032.
The total turnover on payment cards via ATMs and POS-terminals amounted to 1,019 million manats and the total number of transactions to 6.801 million units in January-March, according to the report.
The number of transactions on debit cards equaled 5,413 units to the amount of 832 million manats.
Of the total number of transactions, around 4,410 transactions amounting to 755 million manats were implemented on debit cards via ATMs within the country, and around 234,000 transactions amounting to 49 million manats via POS-terminals.
Some 1,388 transactions worth 187 million manats were made on credit cards in January-March 2014.
As many as 424,000 transactions amounting to 97 million manats of the total number of transactions on credit cards were implemented via ATMs and there were 620,000 transactions amounting to 40 million manats via POS-terminals.
As of April 1, 2014, around 2,443 ATMs operated in the country of which 1,373 are located in Baku and 1,070 in other cities and regions of the country. Their total number increased by 85 units or 6.6 percent per year (compared to early April 2013).
The number of POS-terminals amounted to 38,772 units of which 30,675 are installed in Baku and 8,097 units in other cities and regions as of April 1, 2014.
The number of POS-terminals increased by 1,506 units or by 4.04 percent compared to January-March 2013.
The official exchange rate is 0.7843 AZN/USD on May 5.
translated by NH
edited by CN