Azerbaijan more than doubles cashless payments 

In January-September 2022, the amount of non-cash transactions with payment cards in Azerbaijan increased by 2.2 times compared to the same period last year, and the amount of electronic trade transactions by 2.7 times, an official of the Central Bank of Azerbaijan (CBA), Kamala Gurbanova, said, Report informs.

According to her, the share of cashless circulation in non-cash transactions grew by 12 percentage points to 42%.

“For comparison, this figure was 23% in 2020 and 32% in 2021. A high growth rate is also observed in the number and volume of contactless transactions. The number and amount of domestic contactless payments were 2.1 times up compared to the previous year,” the CBA official said.