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Payment card transactions’ turnover up in Azerbaijan

Business Materials 19 November 2017 12:05 (UTC +04:00)

Baku, Azerbaijan, Nov. 19

By Anvar Mammadov – Trend:

The turnover of payment card transactions carried out via ATMs and POS-terminals amounted to 1.18 billion manats in Azerbaijan in September 2017, which is by 13.5 percent more than in September 2016, said the report of the Central Bank of Azerbaijan (CBA).

According to the report, the total number of payment card transactions reached 7.91 million in September 2017, increasing by 16.7 percent for the year.

The number of debit card transactions reached 7.11 million totaling 1.05 billion manats during the reporting period. Meanwhile, 4.82 million debit card transactions worth 870 million manats were carried out via ATMs, and 595,000 transactions worth 91 million manats via POS-terminals.

The number of payment cards rose by 9.3 percent up to 5.65 million in September 2017 as compared to the same period of 2016.

As of October 1, 2017, 2,486 ATMs operated in the country, 1,348 of which are located in Baku and 1,138 – in other cities and districts of the country. The total number of ATMs has decreased by 59 units or 2.3 percent for the year.

As of late September 2017, the number of POS-terminals amounted to 67,611 units in the country, 38,127 of which are installed in Baku and 29,484 units in other cities and districts of the country. The number of POS-terminals has decreased by 6,793 units or 9.1 percent in Azerbaijan for the year.

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