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News

24 May 2013

Turnover on payment cards in Azerbaijan reached its absolute peak

The Azerbaijani market of payment cards has renewed in March it’s the most main record - a record of monthly turnover.

According to the statistics of the Central Bank of Azerbaijan, in March the volume of transactions on payment cards reached AZN 865 million (absolute record) against 820 million in February and AZN 623 million in January 2013. For the first time for 2 months at a run (February and March) the card market turnover exceeds $1.1 bn.

As a result, in the 1st quarter the volume of transactions on cards issued in the country amounted to AZN 2.308 bn. Also, records of card transactions were renewed: in March - 5.5 million of such operations, in February – 5.336 million, and in January - 4.265 million. For the first quarter it was conducted 15,142 million transactions with payment cards.

In March, there were an average 1.07 operations per card in the amount of AZN 167.15. During the first quarter the average size of the transaction with payment cards totaled AZN 152.42 in the country.

http://abc.az/



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