BAKU, Azerbaijan, January 31. The volume of non-cash payments amounted to 58.5 billion manat ($34.4 billion) in Azerbaijan in 2022, which is 56.26 percent, or 21.1 billion manat ($12.4 billion) higher than in 2021, Trend reports via the Central Bank of Azerbaijan (CBA).
According to the CBA, a total of 562.1 million transactions worth 54.2 billion manat ($31.8 billion) were carried out through debit cards (an increase of 54.9 percent), and 80.8 million transactions worth 4.3 billion manat ($2.5 billion) through credit cards (an increase of 78.3 percent).
The number of payment cards in circulation equaled 13.2 million as of January 1, 2023, which is 20.1 percent more than in 2021. The growth of debit cards was 18.7 percent, and that of credit cards - 29.4 percent.
The number of salary cards increased by 14,000 to 2.5 million in 2022 compared to 2021, while that of credit cards increased by 424,000 to 1.3 million. The other cards increased by 1.6 million to 5.1 million.
