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Kazakhstan observes upsurge in number of payment cards in circulation

Kazakhstan Materials 29 March 2024 11:54 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, March 29. The number of payment cards in circulation in Kazakhstan has reached 75.5 million as of March 1, 2024, Trend reports.

According to Kazakhstan's National Bank, the number of payment cards in circulation has increased by approximately 13.5 percent since March 1, 2023 (66.5 million payment cards).

At the same time, debit cards account for 80.9 percent of all payment cards in the country, while credit cards account for 16.3 percent. Debit cards with credit limits and prepaid cards account for 2.9 percent of the total.

In addition, as of March 1, 2024, 38.5 million payment cards were used in the country.

Meanwhile, eighteen banks and Kazpost JSC provided payment cards as of March 1, 2024. These organizations issue and distribute Visa International, MasterCard Worldwide, UnionPay International, American Express International, and Diners Club International cards.

In addition, banks in Kazakhstan issue payment cards using local systems: Citibank Kazakhstan (Citibank Kazakhstan JSC) and Kaspi.kz (Kaspi Bank JSC).

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