Number of payment cards increases by 23% in Azerbaijan

The number of payment cards in circulation in Azerbaijan increased by 180,000 in late August 2022 compared to the previous month and reached 12.609 million cards.

This figure increased by 22.9 per cent year-on-year, APA-Economics reports with reference to the Central Bank of Azerbaijan (CBA).

The number of payroll cards increased by 22.4 per cent for debit cards and 26.7 per cent for credit cards.

In an annual comparison, the number of payroll cards increased by 117,000, the number of credit cards - by 341,000 while the number of other cards - by 1.8 million.