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Number of payment cards growing in Azerbaijan - Central Bank

Finance Materials 31 May 2021 11:47 (UTC +04:00)
Number of payment cards growing in Azerbaijan - Central Bank

BAKU, Azerbaijan, May 31

By Zeyni Jafarov - Trend:

The number of payment cards in circulation in Azerbaijan increased by 22.7 percent in the first 4 months of 2021, compared to the same period of 2020, reaching 9.9 million units, Trend reports citing a statistical report of the Central Bank of Azerbaijan (CBA).

According to the CBA, most of the cards (8.73 million units) are debit cards, of which 3.51 million units are social cards, 2.61 million - are salary cards, 2.6 million - are other card products. The number of debit cards increased by 21.4 percent on annual basis.

“The number of credit cards in the reporting period exceeded 1.16 million units,” the CBA report reads.

“By late March, 2,770 ATMs operated in Azerbaijan, of which 1,453 were in Baku. The remaining 1,317 ATMs were in other cities and districts of the country. The number of ATMs in the country increased by 5.1 percent year on year,” said the report.

The number of POS terminals in the country amounted to 59,036, of which 38,753 were installed in Baku, 20,283 - in other cities and districts of Azerbaijan. Their number rose by 2,368 units, or 4.2 percent in annual terms.

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