ASHGABAT, Turkmenistan, January 25. The total amount of non-cash transactions in Turkmenistan within the framework of the 'Digital Commerce' system from January through November 2023 reached 1.02 billion Turkmen manat, which is equal to $342.8 million, Trend reports.
According to the Central Bank of Turkmenistan, for the specified period, these data reflect an increase of 88 percent compared to the corresponding data for the same period in 2022, which amounted to 541.6 million Turkmen manat, or $154.7 million.
During the specified period, the total amount of payments through the 'Mobile Bank' system amounted to 15.8 million Turkmen manat ($4.5 million), and through the 'Internet Bank' system, 1.85 million Turkmen manat ($530,000).
Furthermore, for the first 11 months of last year, the total non-cash turnover through the 'Halkbank terminal' system amounted to 55 million Turkmen manat ($15.7 million).
The financial sector in Turkmenistan is undergoing continual expansion, marked by the introduction of mobile applications to facilitate payments across a spectrum of services and products. There is a notable uptick in the volume of electronic transactions, and the process of settling goods and services is being streamlined through the incorporation of banking terminals.