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Central Bank of Turkmenistan reveals domestic POS terminal count

Finance Materials 9 April 2024 22:13 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, April 9. To date, there are 40,278 POS terminals in Turkmenistan, Trend reports.

Data from the Central Bank of Turkmenistan show that the most POS terminals are used in Ashgabat city (13,094), followed by Lebap (6,879) and Mary (6,619) regions.

The Dayhanbank State Commercial Bank has the largest number of POS terminals during the reporting period, which amounted to 8,411 units.

The Turkmenistan State Commercial Bank took second place with 7,609 POS terminals, while the Halkbank Joint-Stock Commercial Bank rounded out the top three with 6,841 POS terminals.

The number of POS terminals in Turkmenistan has increased more than eight times over the past eight years. Thus, as of January 1, 2016, there were 5,223 POS terminals in Turkmenistan; by January 1, 2024, their total number had increased to 42,131.

Meanwhile, Turkmenistan is vigorously pursuing initiatives to propel its financial sector forward, with the goal of modernization and increased efficiency.

This strategic approach creates favorable conditions for attracting investments, promoting the diverse growth of financial services, and strengthening Turkmenistan's economic expansion.

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