Bank Of Baku

Azerbaijan increases number of plastic cards by 8%

Azerbaijan increases number of plastic cards by 8%
# 14 May 2012 08:28 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of March 1, 2012, the number of plastic cards made 4,627 thousand, up 342,000 or 8% from a year earlier. According to CBA, 2,516 thousand of cards are mini social, 1,351 – mini salary, 567,000 – mini debit, 193,000 – credit cards.

In February, 4,598 thousand operations were conducted on plastic cards, the volume of transactions amounted to AZN 694 mln. Over the last year these figures increased by 13.3% and 27.8% respectively.

The number of debit card transactions was 4,342 thousand, representing 94.4% of the total. The volume of transactions on debit cards made AZN 625 mln, which equals 90.1% of the total. In turn, 256 thousand operations were conducted via credit cards, the volume of transactions made AZN 69 mln. The average volume of a single transaction for debit cards amounted to AZN 143.9, this figure makes AZN 270 on credit cards.

Note that, 4,051 thousand of operations conducted with plastic cards were related to mini cash withdrawal. The volume of these transactions made AZN 629 mln, which is 90.6% of the total.
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