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Azerbaijan sees decrease in average number of local users per payment terminal

Finance Materials 27 September 2022 13:42 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 27. The average number of users per payment terminal, including ATMs and POS terminals in Azerbaijan, decreased from January through August 2022, Trend reports via the Central Bank of Azerbaijan (CBA).

According to the CBA, this figure amounted to 3,680, down by 6.6 percent on annual basis.

The average monthly amount of transactions per ATM in the first eight months of this year reached 874,080 manat or $514,160 (3,660 transactions), which is 33.13 percent more than in the same period of 2021.

Besides, the average monthly value of one transaction through an ATM in the specified period amounted to 238.6 manat ($140.3), the average monthly value of transactions through one POS terminal was 9,160 manat ($5,390), and the average monthly value of one transaction through a POS-terminal – 35.9 manat ($21.1).

Meanwhile, a total of 2,960 ATMs operated in Azerbaijan, of which 1,557 were in Baku and 1,403 were in other cities and regions of the country.

The number of ATMs in the country increased by 4.08 percent compared to the first seven months of last year.

The number of POS terminals in Azerbaijan from January through August 2022 was 72,828 (an increase of 22.62 percent over the year).

According to the CBA, 48,940 of these were installed in Baku, and 23,888 - in other cities and regions of Azerbaijan.

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