As of March 1, the number of payment cards in Azerbaijan amounted to 11,528,000, Report informs, citing the Central Bank of Azerbaijan.
According to the bank, this is 20.3% more than on March 1, 2021, 4.4% more than on January 1, 2022, and 2.3% more than on February 1, 2022.
The number of debit cards in Azerbaijan increased by 19.1% to 10.078 million over the past year, and the number of credit cards soared by 29.3% to 1.450 million. The turnover of these cards amounted to 3.567 million manats (46.6% more than a year earlier) and 248 million manats (62.1% more), respectively.
At the end of February 2022, the volume of non-cash payments by cards amounted to 1.379 billion manats, 73.5% more than a year earlier.
As much as 1.016 billion manats of non-cash payments fell to e-commerce (2.3 times more), 361 million manats (5.6% more) to POS-terminals, and 2 million manats (33.3% less) to ATMs.
During the reporting period, the volume of non-cash domestic transactions with payment cards amounted to 36.1% of total transactions.
As of March 1, the number of ATMs increased by 6.7% compared to the same period in 2021, and the number of POS terminals increased by 9.4%. At present, there are 2,931 ATMs; 1,576 of them are in Baku. The number of POS-terminals has reached 63,058 (61,800 in Baku).