BAKU, Azerbaijan, December 16. Azerbaijan’s e-commerce turnover from January through October 2022 exceeded 14 billion manat ($8.2 billion), Head Of Cash Management at PASHA Bank OJSC Bahman Orujov, said at the E-Commerce Day of Azerbaijan event, Trend reports.
Orujov said that the turnover of e-commerce amounted to about 5 billion manat without considering payment indicators on state portals.
"There is a dynamic growth of turnover in POS terminals - more than half for the current year," he said.
Orujov pointed out that 6.6 trillion transactions worth over $100 trillion are performed daily in the world in the e-commerce sector.
"The main countries where e-commerce dominates are North America and Asia," the department director said.