As of July 1, 2022, the number of payment cards in Azerbaijan stood at 12,244,000, up 1.9% from a month earlier, 10.9% from early 2022 and 21.8% from the previous year, Report informs, citing the Central Bank of Azerbaijan.
At the same time, the number of debit cards increased by 20.9% to 10.693 million, and credit cards – by 28.9% to 1.551 million. The turnovers on these cards were 4,689 million manats ($2.8 billion) and 333 million manats ($195.9 million), respectively.
In June, the cashless payments amounted to 2.013 billion manats ($1.184 billion), showing a 2.4-fold growth against a year earlier.
During the reporting period, the volume of non-cash domestic transactions with payment cards made up 41.9% of the total transactions.
As of July 1, the number of ATMs increased by 4.7% compared to 2021, and the number of POS terminals increased by 17.2%. Currently, there are 2,935 ATMs, including 1,555 in Baku, and 70,517 POS terminals across the country (47,307 in Baku).