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Number of payment cards increases by over four percent in Azerbaijan during year

Business Materials 9 June 2014 20:25 (UTC +04:00)

Baku, Azerbaijan, June 9

By Emin Aliyev - Trend:

The number of payment cards in Azerbaijan has increased by 4.23 percent since early 2014 and hit 5.91 million units as of April 2014, according to the statistics report of the Central Bank of Azerbaijan.

Their number increased by 12.14 percent compared to January-April 2013.

Some 4.84 million units of the total number of cards were debit cards, in particular, 2.57 - social cards, 1.41 - salary cards, 0.86 - other debit cards. The number of credit cards was 1.07 million units.

The total turnover on payment cards via ATMs and POS-terminals amounted to 3.68 billion manats and the total number of transactions to 24.89 million units in January-April, according to the report.

The number of transactions on debit cards equaled 19.69 million units to the amount of 2.97 billion manats.

Of the total number of transactions, around 15.91 million transactions amounting to 2.68 billion manats were implemented on debit cards via ATMs within the country, and around 1.32 million transactions amounting to 187 million manats via POS-terminals.

Some 5.2 million transactions worth 709 million manats were made on credit cards in January-April 2014.

As many as 1.56 million transactions amounting to 357 million manats of the total number of transactions on credit cards were implemented via ATMs and there were 2.43 million transactions amounting to 157 million manats via POS-terminals.

As of May 1, 2014, around 2,479 ATMs operated in the country of which 1,395 are located in Baku and 1,084 in other cities and regions of the country. Their total number increased by 85 units or 6.35 percent per year (compared to early May 2013).

The number of POS-terminals amounted to 42,790 units of which 31,696 are installed in Baku and 10,177 units in other cities and regions as of May 1, 2014.
The number of POS-terminals increased by 15.4 percent compared to January-April 2013.

The official exchange rate is 0.7843 AZN/USD on June 9.

edited by CN

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