Azerbaijan’s card market increases
Baku, Azerbaijan, Feb. 7
By Maksim Tsurkov - Trend:
The number of payment cards in Azerbaijan increased by 5.1 percent during the year and hit 5.966 million units as of December 2014, according to the Central Bank of Azerbaijan's report as of 2014 says.
Some 4.664 million units of the total number of cards were debit cards, in particular, 2.426 million - social cards, 1.444 million - salary cards, 794,000 - other cards. The number of credit cards was 1.302 million units.
The total turnover on payment cards via ATMs and POS-terminals amounted to 11.869 billion AZN and the total number of transactions to 79.229 million units in 2014, according to the report.
The number of transactions on debit cards equaled 62.014 million units totaling 9.523 billion AZN in 2014.
Of the total number of transactions, around 49.537 million transactions amounting to 8.561 billion AZN were implemented on debit cards via ATMs within the country, and around 3.5 million transactions amounting to 611 million AZN via POS-terminals.
Some 17.217 million transactions worth of 2.347 billion AZN were made on credit cards in 2014.
As many as 5.506 million transactions worth 1.253 billion AZN, of the total number of transactions on credit cards, were implemented via ATMs and there were 7.201 million transactions worth of 511 million AZN via POS-terminals.
As of January 1, 2015, around 2,608 ATMs operated in the country of which 1,471 are located in Baku and 1,137 in other cities and regions of the country. Their total number increased by 186 units or 7.7 percent during a year.
The number of POS-terminals amounted to 73,013 units of which 50,050 are installed in Baku and 22,963 units in other cities and regions as of January 1, 2015.
The number of POS-terminals increased by 39,728 units or 2.19 times in 2014 compared to 2013.
The official exchange rate is 0.7844 AZN/USD on Feb. 7.
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