Turnover of payment cards in Azerbaijan grows

Finance Materials 5 February 2019 15:18 (UTC +04:00)

Baku, Azerbaijan, Feb. 5

By Taleh Mursagulov - Trend:

In 2018, the turnover of payment cards through ATMs and POS-terminals in Azerbaijan amounted to 1.84 billion manats, which is 18.76 percent more than in 2017, reads the report of the Central Bank of Azerbaijan, Trend reports.

The total number of transactions with payment cards in 2018 made up 11.69 million (an increase of 23.72 percent) in the amount of 1.836 billion manats, including 900,000 transactions worth 91 million manats carried out outside Azerbaijan.

The number of operations on debit cards [both inside and outside the country] equaled to 10.41 million in the amount of 1.68 billion manats, of which almost 6.29 million operations in the amount of 1.31 billion manats were carried out through ATMs inside the country, and 1.265 million operations in the amount of 169 million manats - through POS-terminals.

In 2018, the banks' customers carried out via credit cards [both inside and outside the country] 1,29 million operations totaling 153 million manats. Over 378,000 operations amounting to 63 million manats were carried out with the help of ATMs inside the country, and 446,000 operations amounting to 38 million manats with the help of POS-terminals inside the country.

Number of payment cards, ATMs and POS-terminals

At the end of December 2018, the number of payment cards increased by 12.24 percent to 6.51 million compared to the beginning of 2018.

Most of the cards – 5.651 million – refers to debit cards, in particular, 2.522 million – to social cards, 2.04 million - to payroll cards, and 1.089 million – to other types of cards. The number of credit cards for this period amounted to 860,000.

As of January 1, 2019, there were 2,502 ATMs in the country, of which 1,329 are in Baku, 1,173 are in other cities and regions of the country. Since the beginning of 2018, the total number of ATMs increased by 71, or 2.92 percent.

The number of POS-terminals in the country amounted to 66,110, of which 38,962 were installed in Baku, 27,148 were installed in other cities and regions of the country.

Since the beginning of 2018, the number of POS terminals in Azerbaijan increased by 639, or 0.98 percent.

Volume of transactions in ATMs and POS-terminals

In December 2018, for 1,000 people in Azerbaijan, there were four ATMs and 0.15 POS-terminal.

On average, 2,666.4 transactions amounting to 547,946 manats accounted for the share of one ATM in December. The amount of one transaction accounting for one ATM amounted to 205.5 manats.

On average, 25.9 transactions in the amount of 3,123.2 manats accounted for one POS terminal during the reporting period. The amount of one POS terminal transaction was 120.7 manats.

(1.7 AZN = 1 USD on Feb. 6)


Follow the author on Twitter: @TalehMursagulov