Azerbaijan increases number of plastic cards by 9%

Azerbaijan increases number of plastic cards by 9%
# 11 September 2012 09:56 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of August 1, 2012, the total number of plastic cards in Azerbaijan made 4,808 thousand units, up 379,000 or 8.6% compared to last year. The Central Bank of Azerbaijan says 2,537 thousand of the cards are mini social, 1,362 – mini salary, 630,000 mini debit, 279,000 – credit cards.

In July, 5,019 thousand operations were conducted on plastic cards, the volume of transactions amounted to AZN 811 mln. Over the last year these figures increased by 16.1% and 25.7% respectively.

The number of debit card transactions was 4,663 thousand, representing 92.9% of the total. The volume of transactions on debit cards made AZN 722mln, which equals 89.0% of the total. In turn, 355 thousand operations were conducted via credit cards, the volume of transactions made AZN 89 mln. The average volume of a single transaction for debit cards amounted to AZN 154.8, this figure makes AZN 250.7 on credit cards.

Note that, 4,319 thousand of operations conducted with plastic cards were related to mini cash withdrawal. The volume of these transactions made AZN 736 mln, which is 90.8% of the total.
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