Turkmenistan unveils top banks with largest number of Internet Banking service users

Turkmenistan Materials 12 April 2023 15:15 (UTC +04:00)
Turkmenistan unveils top banks with largest number of Internet Banking service users
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, April 12. Dayhanbank State Commercial Bank became the leader for the number of registered Internet Banking users in Turkmenistan as of the beginning of April 2023, Trend reports with reference to the Central Bank of Turkmenistan.

Dayhanbank has 356,626 registered users of this service, followed by Turkmenistan State Commercial Bank (311,152 users), and Turkmenbashi Joint-Stock Commercial Bank (168,837 users).

Dayhanbank mainly works with clients in the regions of Turkmenistan. Thus, most of the users are located in Mary (141,819 users), Lebap (80,207 users), and Dashoguz (57,105 users) regions.

The table below shows the full rating of banks in Turkmenistan by the number of registered users of the Internet Banking service as of 01.04.2023

Bank: Number of registered users
Dayhanbank State Commercial Bank of Turkmenistan 356,626
Turkmenistan State Commercial Bank 311,152
Turkmenbashi Joint-Stock Commercial Bank 168,837
Halkbank Joint-Stock Commercial Bank 75,321
Senagat Joint-Stock Commercial Bank 39,318
Turkmen-Turkish Joint-Stock Commercial Bank 9,807
Rysgal Joint-Stock Commercial Bank 4,531
Total number of registered users 965,592

Turkmenistan's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of transactions is increasing, and payment methods are being offered through bank payment terminals. For example, over the past six months, the number of Internet Banking service users in the country has increased from 898,086 to 965,592.