Number of contactless car transactions increases by 4.6-fold in Azerbaijan

In January-June 2019, 25,378,000 transactions worth AZN 131.3 billion were carried out via interbank payment systems, respectively up 41.3% and 5.1% from the previous year, Report informs citing the Central Bank of Azerbaijan (CBA).

According to the CBA, the operations via Government Payment Portal amounted to AZN 1.412 billion in the first half, which is 34% more than previous year. Cashless operations increased by 3.4-fold to AZN 551 million.

Number of payment cards rose by 14.7% and exceeded 7,000,000. Number of contactless payment cards was 998,000, up 2.4-fold by contrast to a year earlier. Number of contactless operations were 4.6-fold higher than a year earlier.

In the first half of 2019, the operations inside the country amounted to AZN 9.532 billion, up 24% in comparison to a year ago. Share of cashless settlements in the operations carried out via payment cards was 20%, while it was 16% last year.

Number of ATMs went up 90 units to 2,571. Of this, 1,373 ATMs are in Baku, 1,198 in other cities and districts. Number of POS-terminals was 63,396, including 25,747 contactless POS-terminals. Compared to the first half of 2018, the number of POS-terminals increased by 26% or 2,305 units.