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Money transfers to Kazakhstan from abroad up

Finance Materials 30 May 2022 13:20 (UTC +04:00)
Money transfers to Kazakhstan from abroad up
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, May 30. A total of 5.5 million transfers worth 55.7 trillion tenge ($128.6 billion) were made via services of Kazakhstan National Bank's payment systems in April 2022, Trend reports with reference to the data of the bank.

This is 1 percent less in volume and 6.1 percent more in value compared to March 2022. On average, 261,900 transactions worth 2.7 trillion tenge ($6.2 billion) were carried out daily.

The volume of plastic cards issued in Kazakhstan amounted to 58.6 million cards as of May 1, 2022, and 50.7 percent of them were used in April 2022.

The volume of transactions via plastic cards of Kazakh issuers amounted to 669.9 million transactions worth 9.3 trillion tenge ($21.4 billion) in April 2022, which means a decrease of 1.6 percent in volume and by 5.7 percent in value, compared to March 2022.

The share of non-cash payments made via cards of Kazakh issuers amounted to 96.7 percent (647.5 million transactions) of the total non-cash transactions carried out. The share of non-cash transactions value stood at 80.2 percent (7.4 trillion tenge or $17.09 billion).

Furthermore, the total volume of funds sent via international systems of money transfers amounted to 0.32 million transfers worth 113.1 billion ($261.2 million) in April 2022, which is 21.4 percent more in value compared to March 2022.

Out of the total volume of transfers, 79.1 percent of total volume or 91.6 percent of total value (103.6 billion tenge or $239.2 million) accounted for transfers from Kazakhstan to other countries.

Some 20.9 percent of total volume (0.07 million) and 8.4 percent of total value (9.5 billion tenge or $21.9 million) accounted for transfers in Kazakhstan.

The remaining 0.18 million transfers worth 52.5 billion tenge ($121.2 million) accounted for transfers from other countries to Kazakhstan.

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