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Number of debit cards in Azerbaijan continues to grow

Finance Materials 29 October 2020 16:53 (UTC +04:00)
Number of debit cards in Azerbaijan continues to grow

BAKU, Azerbaijan, Oct.29

By Zeyni Jafarov – Trend:

The number of payment cards increased by 23.4 percent in Azerbaijan as of late September 2020, compared to the same period of 2019, and exceeded 8.9 million, Trend reports citing a statistics report of the Central Bank of Azerbaijan (CBA).

The majority of the cards (7.8 million) are debit cards, with 3.4 million being social cards, 2.5 million - salary cards, and 2.03 million other cards. The total number of debit cards increased by 21.6 percent.

The number of credit cards stood at 1.06 million as of late September 2020.

As of October 1, 2020, there were 2,640 ATMs in the country, of which 1,383 were in Baku and 1,257 in other cities and districts of the country.

Since early 2020, the total number of ATMs has decreased by 0.3 percent.

The number of POS terminals in the country made up 57,040 units, of which 36,351 were installed in Baku and 19,734 in other cities and districts of the country.

Since the beginning of 2020, the number of POS terminals in Azerbaijan has dropped by 10,428 (15.5 percent).

(1 USD = 1.7 AZN on Oct.29)

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