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Central Bank of Turkmenistan discloses top banks with largest number of POS terminals

Turkmenistan Materials 17 May 2023 16:10 (UTC +04:00)
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, May 17. Turkmenistan’s Dayhanbank State Commercial Bank has become the leader in terms of most POS terminals across the country, Trend reports with reference to the Central Bank of Turkmenistan.

Dayhanbank has 9,043 POS terminals as of the beginning of May 2023. Turkmenistan State Commercial Bank ranks second (8,092 terminals), followed by Halkbank Joint-Stock Commercial Bank (7,729 terminals).

At the same time, Dayhanbank POS terminals are located mainly in the regions of Turkmenistan. Thus, most of the bank's terminals are located in the Lebap (2,566), Mary (2,006), and Dashoguz (1,745) regions.

The table below shows the full rating of banks in Turkmenistan by the number of POS terminals as of 01.05.2023:

Bank: Number of POS terminals
Dayhanbank State Commercial Bank of Turkmenistan 9,043
Turkmenistan State Commercial Bank 8,092
Halkbank Joint-Stock Commercial Bank 7,729
Turkmenbashi Joint-Stock Commercial Bank 5,585
Senagat Joint-Stock Commercial Bank 4,610
Rysgal Joint-Stock Commercial Bank 4,032
Turkmen-Turkish Joint-Stock Commercial Bank 1,775
State Bank for Foreign Economic Affairs of Turkmenistan 1,213
Total number of POS terminals 42,080

Turkmenistan's financial sector is constantly expanding. In particular, mobile applications are being introduced, as well as the number of transactions, ATMs and POS terminals is increasing. For example, over the past six years, the number of POS terminals in the country has increased from 14,848 to 42,131 units.

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