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Nine percent increase in payment cards in Azerbaijan per year

Business Materials 14 January 2014 15:32 (UTC +04:00)

Baku, Azerbaijan, Dec. 14
By Emin Aliyev - Trend:

The number of payment cards in Azerbaijan slightly reduced by 2.8 percent to 5.515 million in November 2013 compared to October 2013, the Azerbaijani Central Bank said today.

However their number increased by 8.8 percent compared to the same period of 2012.

The total turnover on payment cards via ATMs and POS-terminals amounted to 923 million manat and the total number of transactions to 6.012 million units in November, according to the report.

The number of transactions on debit cards equalled 4.85 million units to the sum of 743 million manat.

Around 4.035 million transactions amounting to 672 million manat of the total number of transactions on debit cards were implemented via ATMs within the country and around 562,000 transactions amounting to 53 million manat via POS-terminals.

At least 1155 transactions worth 180 million manat were implemented on credit cards in November 2013.

As many as 339,000 transactions amounting to 78 million manat of the total number of transactions on credit cards were implemented via ATMs and there were 603,000 transactions amounting to 40 million manat via POS-terminals, the report said.

As of December 1, 2013, around 2411 ATMs operated in the country of which 1360 are located in Baku and 1051 in other cities and regions of the country. Their total number increased by 171 units or 7.6 percent per year.

The number of POS-terminals amounted to 33,301 units of which 29,101 are installed in Baku and 4200 units in other cities and regions as of December 1, 2013.

The number of POS-terminals has decreased by 3181 units or by 8.8 percent compared to November 2012.

The official exchange rate is 0.7845 AZN/USD on Jan. 14.

translated by NH
edited by SM

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