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Payment card transactions’ turnover up in Azerbaijan

Business Materials 14 February 2018 18:04 (UTC +04:00)

Baku, Azerbaijan, Feb. 14

By Anvar Mammadov – Trend:

The turnover of payment card transactions carried out via ATMs and POS-terminals amounted to 1.55 billion manats in Azerbaijan in December 2017, which is by 19.2 percent more than in December 2016, said the report of the Central Bank of Azerbaijan (CBA).

According to the report, the total number of payment card transactions reached 9.45 million in December 2017 (17.1 percent-growth compared to December 2016).

The number of debit card transactions reached 8.54 million totaling 1.4 billion manats during the reporting period. Meanwhile, 5.81 million debit card transactions worth 1.16 billion manats were carried out via ATMs, and 703,000 transactions worth 129 million manats via POS-terminals.

The number of payment cards rose by 8.8 percent to 5.8 million in December 2017 as compared to the same period of 2016.

As of January 1, 2018, 2,431 ATMs operated in the country, 1,308 of which are located in Baku and 1,123 – in other cities and districts of the country. The total number of ATMs has decreased by 23 or 0.9 percent for the year.

As of late 2017, the number of POS-terminals amounted to 65,471 in the country, 37,068 of which are installed in Baku and 28,403 in other cities and districts of the country. The number of POS-terminals has decreased by 6,335 or 8.8 percent in Azerbaijan for the year.

(1.7001 AZN = $1 on Feb. 14)

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