Card transactions increased by 56% last year

The volume of card transactions in Azerbaijan amounted to AZN 56.4 bn in 2022 (56% higher than in 2021).

banks.az reports with reference to the CBA that last year the volume of non-cash transactions with cards grew 2.1-fold up to AZN 24.4 bn.

The share of non-cash payments via cards within the country made up 43.2% in 2022. Most of the non-cash transactions with payment cards accounted for the share of e-commerce.

In particular, the number of e-commerce transactions grew 2.4-fold up to 261 million for AZN 18.515 bn in 2022 (a rise of 2.5-fold against 2021).