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Azerbaijan sees increase in volume of payments of foreigners via bank cards

Finance Materials 30 December 2021 18:07 (UTC +04:00)
Azerbaijan sees increase in volume of payments of foreigners via bank cards

BAKU, Azerbaijan, Dec. 30

By Khagan Isayev – Trend:

Foreign citizens spent 151.1 million manat in Azerbaijan through bank cards in November 2021, which is 6.1 times more than the same period last year (23.2 million manat/$13.6 million), Trend reports referring to the "Export Review" of the Center for Analysis of Economic Reforms and Communications of Azerbaijan.

According to the report, foreigners spent 1.1 billion manats ($647.2 million) in Azerbaijan through bank cards over 11M2021, which is 2.73 times more than in the same period of 2020.

It is noted that in 2020, foreign citizens spent 430.2 million manats ($253.1 million) through bank cards in Azerbaijan, which is 65.7 percent less than in 2019.

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