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Azerbaijan sees decrease in number of users per payment terminal in 10M2021

Finance Materials 27 November 2021 09:59 (UTC +04:00)
Azerbaijan sees decrease in number of users per payment terminal in 10M2021

BAKU, Azerbaijan, Nov. 27

By Nazrin Israfilova – Trend:

The average number of users per payment terminal in Azerbaijan, including ATMs and POS terminals, in 10M2021, decreased by five percent compared to the same period last year and amounted to 3,940, Trend reports citing the Central Bank of Azerbaijan (CBA).

According to the CBA, the average monthly number of transactions per ATM reached 681,130 manats ($400,782) with 2,920 transactions, which is 8.4 percent more compared to the same period last year.

The average monthly amount of one transaction through an ATM in the specified period amounted to 232.9 manats ($137.04), and the average monthly number of transactions through one POS terminal – 7,360 manats ($4 330). The average monthly size of one transaction through a POS terminal amounted to 44 manats ($25.89).

Also, 2,870 ATMs functioned in Azerbaijan in 10M2021, of which 1,521 are in Baku, 1,349 - in other cities and districts of the country. The number of ATMs in the country increased by 7.7 percent compared to the same period last year.

In addition, the number of POS-terminals in Azerbaijan during this period amounted to 61,061. Of these, 40,057 were installed in Baku, 21,004 - in other cities and districts of Azerbaijan. It is noted that their number for the year increased by 4,059, or 7.12 percent.

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