Payment card turnover in Azerbaijan continues to grow
Baku, Azerbaijan, Aug. 7
By Sara Israfilbayova – Trend:
The turnover on payment cards through ATMs and POS terminals in Azerbaijan amounted to 1.7 billion manats in June 2019, which is 17 percent more than in the same period in 2018, Trend reports referring to Central Bank of Azerbaijan (CBA).
According to the report, the total number of transactions with payment cards amounted to 12.157 million transactions (an increase of 22.4 percent) for the reporting period. Moreover, 1,112 transactions worth 104 million manats were carried out outside the country.
The number of transactions with debit cards [both domestically and abroad] amounted to 10.8 million transactions worth 1.6 billion manats, of which almost 5.4 million transactions worth 1.2 billion manats were carried out using ATMs in Azerbaijan, and 1.44 million operations worth 133 million manats via POS terminals.
In June 2019, bank customers carried out 1.33 million transactions worth 111 million manats via credit cards [both domestically and abroad]. Over 225,000 operations worth 36 million manats were carried out using ATMs within the country, and 518,000 operations worth 27 million manats were carried out using POS terminals in the country.
Number of payment cards, ATMs and POS terminals
By the end of June 2019, the number of payment cards increased by 12.8 percent (compared to the same period last year) to 7 million cards.
Most of the cards (i.e. 6.213 million cards) consist of debit cards. More precisely, 2.604 million consist of social cards, 2.146 million of salary cards, and 1.46 million of other types of cards. The number of credit cards for the indicated period amounted to 797,000.
As of July 1, 2019, some 2,571 ATMs were operating in the country, 1,373 of them in Baku and 1,198 in other cities and districts of Azerbaijan.
The number of POS terminals in the country amounted to 63,396, of which 38,041 were installed in Baku and 25,355 in other cities and districts of Azerbaijan.
The volume of transactions in ATMs and POS terminals
In June, an average of 2,090.6 operations per 445.567 manats were carried out per one ATM. The volume of one operation per one ATM amounted to 211.8 manats.
During the same period, there was an average of 31.5 operations per 2,522.7 manats per one POS terminal. The volume of one operation in the POS terminal amounted to 81.4 manats.
($1 = 1.7 AZN on Aug. 7)
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