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Number of payment cards in Azerbaijan continues to grow - Central Bank

Finance Materials 29 July 2021 10:18 (UTC +04:00)
Number of payment cards in Azerbaijan continues to grow - Central Bank

BAKU, Azerbaijan, July 29

By Zeyni Jafarov - Trend:

The number of payment cards in Azerbaijan grew as of early July 2021, Trend reports citing a statistical report of the Central Bank of Azerbaijan (CBA).

According to the CBA, this indicator increased by 16 percent, compared to the same period of 2020, exceeding 10 million units.

Most of the cards (8.85 million units) are debit cards, of which 3.47 million units are social cards, 2.59 million - salary cards, and 2.79 million - other card products. The number of debit cards increased by 14.7 percent on annual basis.

“The number of credit cards in the reporting period exceeded 1.2 million units,” the CBA report said.

“By early July, 2,804 ATMs operated in Azerbaijan, of which 1,479 were in Baku. The remaining 1,325 ATMs were in other cities and districts of the country. The number of ATMs in the country grew by 9.1 percent year on year,” said the report.

The number of POS terminals in the country amounted to 60,150, of which 39,827 were installed in Baku, 20,323 - in other cities and districts of Azerbaijan. Their number rose by 4,519 units, or 8.1 percent in annual terms.

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