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More bank cards used in Kazakhstan

Business Materials 11 June 2018 11:04 (UTC +04:00)

Baku, Azerbaijan, June 11

By Ali Mustafayev – Trend:

The number of bank cards used by Kazakhs citizens has exceeded 10 million.

The most active use of bank cards accounts for the residents of Almaty. The share of the megacity for increased from 27 percent to 37 percent since May 2017 to May 2018, Kazakh media outlets reported.

The number of cards in circulation increased by 25.6 percent, year over year, from 16.3 to 20.5 million, which is a record figure for the last few years. For comparison, the same growth indicator in 2016 amounted to only 1.4 percent.

The number of used bank cards increased by 23.1 percent since May 2017 to May 2018, to 10.2 million units, which is a 20.8 percent increase year over year.

The vast majority of cards in circulation account for debit cards, which amount to 16.9 million units at as of May 2018.

The number of credit cards amounted to 3 million units, of which 1.4 million accounts for used cards.

The number of active cards for the year increased in 15 of the 16 regions of Kazakhstan. The only region where their number decreased was West Kazakhstan region.

The leader in annual growth of used banks cards is Almaty city, where the use of bank cards increased by 67.8 percent, to 3.8 million units.

Follow the author on Twitter: @Ali_Mustafayev

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