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Azerbaijan notes growth in number of ATMs and POS terminals

Finance Materials 28 February 2024 14:32 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, February 28. The number of ATMs in Azerbaijan amounted to 3,116 units as of January 31, 2024 (0.1 percent growth compared to the figure at the end of 2023), Trend reports.

According to the Central Bank of Azerbaijan (CBA), at the end of January 2024, there were 1,610 ATMs in Baku (0.7 percent reduction) and 1,506 in regions (1 percent growth).

The number of POS terminals installed in trade and service facilities in the country amounted to 88,751 units, which is 2.7 percent more than at the end of 2023. At the same time, 58,250 POS terminals were installed in Baku (2.1 percent growth), and 30,501 in regions (4 percent growth).

During the reporting period, 85,936, or 96.8 percent of all POS terminals were installed in retail trade objects. The number of POS terminals accepting contactless payments at the end of January amounted to 85,781 units (a growth of 3.4%).

Meanwhile, at the end of 2023, 3,112 ATMs were functioning in Azerbaijan, of which 1,621 - were in Baku, and 1,491 - were in the regions of the country. The number of POS terminals at the end of 2023 amounted to 83,584 units.

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