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Turkmenistan discloses ranking of banks by number of Mobile Banking users

Finance Materials 25 July 2023 11:35 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, July 25. Halkbank Joint-Stock Commercial Bank became the leader for the most number of registered users of mobile banking services in Turkmenistan as of the beginning of July 2023, Trend reports.

According to the Central Bank of Turkmenistan, Halkbank has 16,644 registered users of this service (in June, there were 16,595 users). In second place is Turkmenistan State Commercial Bank with 14,966 users (in June, 14,665 users), and in third is Dayhanbank State Commercial Bank - 13,272 users (in May, 13,105 users).

Halkbank mainly works with clients in the regions of Turkmenistan. Thus, most of the users are located in Mary (8,227 users) and Lebap (6,274 users) regions.

The table below shows the full rating of banks in Turkmenistan by the number of registered users of the Mobile Banking service as of July 1, 2023:

Bank: Number of registered users
Halkbank Joint-Stock Commercial Bank 16,644
Turkmenistan State Commercial Bank 14,966
Dayhanbank State Commercial Bank of Turkmenistan 13,272
Turkmenbashi Joint-Stock Commercial Bank 9,688
Senagat Joint-Stock Commercial Bank 9,423
Turkmen-Turkish Joint-Stock Commercial Bank 1,341
Rysgal Joint-Stock Commercial Bank 254
Total number of registered users 65,588

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 Mobile Banking service users in the country has increased from 60,654 to 64,901.

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