Volume of cashless payments up by 14% in Azerbaijan

Baku. 5 December. REPORT.AZ/ In October 2016, cashless payments of 49 mln AZN were carried out in Azerbaijan through POS-terminals.

Report informs citing the Central Bank of Azerbaijan (CBA).

Totally, in January-October 2016, volume of these payments made 411 mln AZN, which is more by 84 mln AZN or 25.7% compared with the same period of 2015.

According to report, volume of non-cash payments through ATMs made 25 mln AZN as of October 2016. In 10 months of this year, the figure reached 265 mln AZN. This is same as in analogical period in 2015.

Thus, in 10 months of this year volume of cashless payments through ATMs and POS-terminals increased by 84 mln AZN or 14% in annual comparison and reached 676 mln AZN.