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Kazakhstan reports decrease in volume of money transfers

Finance Materials 28 October 2021 13:47 (UTC +04:00)

BAKU, Azerbaijan, October 28

By Nargiz Sadikhova - Trend:

A total of 5.2 million transfers worth 68.1 trillion tenge ($160.2 billion) were made via services of Kazakhstan National Bank's payment systems in September 2021, Trend reports with reference to the data of the bank.

This is 5.5 percent less in volume and 7.5 percent more in value compared to August 2021. On average, 234,900 transactions worth 3.1 trillion tenge ($7.2 billion) were carried out daily.

The volume of plastic cards issued in Kazakhstan amounted to 56.1 million cards as of October 1, 2021, and 47 percent of them were used in September 2021.

The volume of transactions via plastic cards of Kazakh issuers amounted to 626.4 million transactions worth 8.8 trillion tenge ($20.7 billion) in September 2021, which means an increase of 1.7 percent in volume and by 2.2 percent in value, compared to August 2021.

Furthermore, the total volume of funds sent via international systems of money transfers amounted to 0.3 million transfers worth 102.1 billion ($240.2 million) in September 2021, which is 3.1 percent more in value compared to August 2021.

Out of the total volume of transfers, 93.7 percent of total volume or 95.3 percent of total value (97.3 billion tenge or $228.9 million) accounted for transfers from Kazakhstan to other countries.

Some 6.3 percent of total volume (0.02 million) and 4.7 percent of total value (4.8 billion tenge or $11.2 million) accounted for transfers in Kazakhstan.

The remaining 0.1 million transfers worth 24.1 billion tenge ($56.7 million) accounted for transfers from other countries to Kazakhstan.

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