Non-cash payments in Kazakhstan surge: more than double increase in a year
Baku, Azerbaijan, Feb. 15
By Rashid Shirinov – Trend:
The volume of non-cash payments in Kazakhstan in 2018 amounted to 5.5 trillion tenge, which is 2.1 times more than in 2017, Trend reports via Kazakh media.
In particular, non-cash payments online reached 2.9 trillion tenge in 2018, which is 2.7 times more than in 2017.
Payments through POS terminals are second in terms of non-cash payments. They accounted for 42.8 percent, the volume of such payments amounted to 2.3 trillion tenge, a 79.2 percent growth year-on-year.
Other non-cash payment methods accounted for only or 277.8 billion tenge, 5.1 percent of total non-cash payments in Kazakhstan in 2018.
Significant volume of non-cash payments online occurred at the end of the year. The largest volumes were recorded in December (405.5 billion tenge), November (338.1 billion tenge) and October 2018 (302.5 billion tenge).
Kazakh banks are also involved in the promotion of non-cash payments online through the launch of their own online stores.
Three second-tier banks of Kazakhstan have such online platforms: Halyk Bank, Kaspi Bank and ForteBank. Their platforms offer not only non-cash payment, but also the purchase of goods in installments and on credit.
(376.37 KZT = 1 USD on Feb. 15)
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