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Azerbaijan sees increase in local payments of foreigners via bank cards

Finance Materials 1 December 2021 13:44 (UTC +04:00)
Azerbaijan sees increase in local payments of foreigners via bank cards

BAKU, Azerbaijan, Dec. 1

By Nazrin Israfilova - Trend:

Foreign citizens in Azerbaijan spent 124.4 million manat ($73.2 million) through bank cards in October 2021, which is by 244,000 manat ($143,529) more than in October 2020, Trend reports citing the Azerbaijani Center for Analysis of Economic Reforms and Communication.

According to the message, foreigners spent 960.9 million manat ($565.2 million) in Azerbaijan through bank cards in 10M2021.

The number of bank cards in circulation in Azerbaijan amounted to 10.7 million in October 2021, the Central Bank of Azerbaijan said.

At the same time, the number of contactless cards amounted to 8.3 million, or 78.4 percent of their total number. The number of bank cards increased by 17 percent from January through October 2021 compared to the same period of 2020.

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