BAKU, Azerbaijan, March 19
By Jeila Aliyeva - Trend:
The number of subscribers connected to the 'Internet Banking service' in Turkmenistan amounted to 634,000, and the number of customers using mobile banking amounted to 28,400 in Turkmenistan for February 1, 2021, Trend reports with reference to the Business Turkmenistan information portal.
The total number of bank cards amounted to more than 4.4 million, and terminals – 39,200 in Turkmenistan, as of January 2021.
Currently, the banking system of Turkmenistan provides citizens with such types of cards as «Altyn Asyr», «Millikart», «Maşgala», «Goýum bank karty», «Overdraft karty», as well as international bank cards «VISA» и «MasterCard».
The volume of non-cash transactions made through ATMs, terminals, internet banking, mobile banking and e-commerce systems reached 8.8 billion Turkmen manat ($2.5 billion) in 2020, which is 2.65 times higher than in the same period of 2019.
Also, the share of non-cash payments in the total volume of non-cash transactions carried out using bank cards for 2020 amounted to 34.4 percent, an increase of 2.16 times from 2019 (16 percent).
As it was reported earlier, the work is underway to introduce digital technologies into the Turkmenistan’s banking sector.
The introduction of digital technologies into the banking sector of the country will expand the range of banking services and the capabilities of the national payment system provided to customers, as well as increase the competitiveness of credit institutions.
In general, the country's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of non-cash payments is increasing, and payment for goods and services is being implemented through banking terminals.
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