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Payment card transactions’ turnover up in Azerbaijan

Business Materials 12 September 2017 13:01 (UTC +04:00)

Baku, Azerbaijan, Sept. 12

By Anvar Mammadov – Trend:

The turnover of payment card transactions carried out via ATMs and POS-terminals amounted to 1.28 billion manats in Azerbaijan in July 2017, which is by 10.6 percent more than in July 2016, said the Azerbaijani Central Bank’s (CBA) report.

According to the report, the total number of payment card transactions has reached 8.09 million in July 2017, increasing by 15.1 percent for the year.

The number of debit card transactions has reached 7.32 million, totaling 1.16 billion manats during the reporting period. Meanwhile, 4.93 million debit card transactions worth 973 million manats were carried out via ATMs, and 619,000 transactions worth 93 million manats via POS-terminals.

The number of payment cards rose by 2.5 percent up to 5.56 million in July 2017 as compared to the same period of 2016.

As of August 1, 2017, 2,505 ATMs operated in the country, 1,355 of which are located in Baku and 1,150 – in other cities and districts of the country. The total number of ATMs has decreased by 30 units or 1.2 percent for the year.

As of late July 2017, the number of POS-terminals amounted to 69,438 units in the country, 39,585 of which are installed in Baku and 29,853 units in other cities and districts of the country. The number of POS-terminals has decreased by 1,054 units or 1.5 percent in Azerbaijan for the year.

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