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MasterCard losing market share in Kazakhstan

Finance Materials 7 April 2022 10:25 (UTC +04:00)
MasterCard losing market share in Kazakhstan
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, April 7. The number of Visa bank cards in circulation in Kazakhstan significantly exceeded the number of those of MasterCard, as of March 1, 2022, Trend reports via the National Bank of Kazakhstan.

According to the bank, the total number of bank cards in circulation in the country amounted to 56.8 million, up by 13.07 percent compared to the same period in 2021.

The number of Visa cards in circulation in Kazakhstan as of March 1 this year amounted to 27.3 million, which is 14.7 percent more than the same period in 2021. Of these, 23.8 million were debit cards, 1.6 million were credit cards, and 1.7 million were debit cards with a credit limit.

The number of MasterCard bank cards in circulation in the country as of March 1, 2022 equaled 8.6 million, which is 9.6 percent less than the same period of last year. Of these, 8.3 million were debit bank cards, 300,600 - credit cards, and 4,200 - debit cards with a credit limit.

During the reporting period in Kazakhstan, the issue of bank cards was carried out by 19 banks and Kazpost JSC.

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