Payment card transactions turnover up in Azerbaijan
Baku, Azerbaijan, June 14
By Anvar Mammadov – Trend:
The turnover of payment card transactions carried out via ATMs and POS-terminals amounted to 1.1 billion manats in Azerbaijan in April 2017, which is by 13.7 percent more than in April 2016, said the Azerbaijani Central Bank’s report.
According to the report, the total number of payment card transactions reached almost 7.39 million in April 2017 increasing by 12.6 percent for the year.
The number of debit card transactions reached 6.53 million units totaling 979 million manats during the reporting period.
Of the total number of transactions, 4.57 million debit card transactions worth 846 million manats were carried out via ATMs, and 728,000 transactions worth 80 million manats via POS-terminals.
According to the report, 864,000 credit card transactions worth 125 million manats were carried out in April 2017.
Of the total number of credit card transactions, 191,000 transactions worth 43 million manats were carried out via ATMs and 288,000 transactions worth 38 million manats via POS-terminals.
The number of payment cards increased by 1.7 percent up to 5.53 million in Azerbaijan in April 2017 compared to April 2016.
As of May 1, 2017, 2,493 ATMs operated in the country, 1,357 of which are located in Baku and 1,136 in other cities and districts of the country. The total number of ATMs decreased by 60 units or 2.4 percent for the year.
As of late April 2017, the number of POS-terminals amounted to 70,162 units in the country, 39,836 of which are installed in Baku and 30,782 units in other cities and districts of the country.
The number of POS-terminals has decreased by 3,342 units or 4.5 percent in Azerbaijan for the year.
Some 32 banks, including two state-owned banks, operated in Azerbaijan in April 2017.
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