Baku, Azerbaijan, Oct. 13
By Azad Hasanli – Trend:
The total turnover on payment cards via ATMs and POS-terminals in August 2016 amounted to 1.1 billion manat (official exchange rate on Oct. 13 is 1.5986 AZN/USD) or by 10.4 percent more than in the same period of 2015, the Azerbaijani Central Bank’s report said.
According to the report, the number of transactions with payment cards reached 6.8 million units increasing by 0.16 percent for the year.
The number of transactions on debit cards equaled 5.85 million units totaling 0.9 billion manat during the reporting period.
Of the total number of transactions, 4.17 million transactions amounting to 758 million manat were implemented on debit cards via ATMs within the country, and around 447,000 transactions amounting to 83 million manat via POS-terminals.
As much as 946,000 transactions worth 188 million manat were made on credit cards in August 2016.
Of the total number of transactions on credit cards, 200,000 transactions worth 68 million manat were implemented via ATMs and there were 283,000 transactions worth 45 million manat via POS-terminals.
The number of payment cards in Azerbaijan decreased by 8.5 percent in August and reached up to 5.27 billion units compared to the same period of 2015.
Of the total number of cards, 4.542 million units accounted for debit cards, in particular, 2.363 million - social cards, 1.531 million - salary cards, 0.648 million - other cards. The number of credit cards was 728,000.
As of September 1, 2016, as many as 2,546 ATMs operated in the country of which 1,401 are located in Baku and 1,145 in other cities and districts of the country. The total number decreased by 156 units or 5.8 percent for the year compared to August 2015.
The number of POS-terminals amounted to 70,318 units of which 39,431 are installed in Baku and 30,887 units in other cities and districts as of late August 2016.
The number of POS-terminals has decreased by 7,595 units or 9.75 percent for the year.
Some 33 banks, including two state-owned banks, operated in Azerbaijan in August.