Azerbaijan took the 5-th place (after Russia, Ukraine, Kazakhstan and Belarus) among the CIS states and the first place among the Caucasus countries on the number of the issued cards of the international payment system Visa, the regional manager on CIS states Svetlana Georbelidze told todays workshop Plastic cards development. According to her, the number of the issued by Azerbaijan banks Visa cards reached 663,000.
The major part (94%) of the cards issued fall at social and wages cards. Representatives of the payment system recommended changing the segmentation from wages to credit cards at the meeting with the local banks within the cashless payments development. It will enable to draw more customers.
Circulation of the cards in Azerbaijan constituted $368,779 million, among them, transactions of $20 million have been held at the trade points.
For today there are 15 banks issuing Visa cards in Azerbaijan, 12 among them have been joined under the sponsorship of the International Bank of Azerbaijan.