Payment card transactions’ turnover up in Azerbaijan
Baku, Azerbaijan, Jan. 18
By Azad Hasanli – Trend:
The turnover of payment card transactions carried out via ATMs and POS-terminals amounted to 1.27 billion manats in Azerbaijan in November 2017, which is by 15.74 percent more than in November 2016, said the report of the Central Bank of Azerbaijan (CBA).
According to the report, the total number of payment card transactions reached 8.47 million in November 2017, increasing by 17.1 percent for the year.
The number of debit card transactions reached 7.59 million totaling 1.1 billion manats during the reporting period. Meanwhile, 4.95 million debit card transactions worth 934 million manats were carried out via ATMs, and 646,000 transactions worth 99 million manats via POS-terminals.
The number of payment cards rose by 8.1 percent to 5.77 million in November 2017 as compared to the same period of 2016.
As of December 1, 2017, 2,460 ATMs operated in the country, 1,327 of which are located in Baku and 1,133 – in other cities and districts of the country. The total number of ATMs has increased by 10 units or 0.4 percent for the year.
As of late November 2017, the number of POS-terminals amounted to 66,028 units in the country, 37,857 of which are installed in Baku and 28,171 units in other cities and districts of the country. The number of POS-terminals has decreased by 7,147 units or 11.6 percent in Azerbaijan for the year.
(1.7001 manats = 1 USD on Jan. 18)