Azerbaijan Reveals E-Commerce Turnover For 10M2022

BAKU, Azerbaijan, December 16. Azerbaijan's e-commerce turnover from January through October 2022 exceeded 14 billion manat ($8.2 billion), Head Of Cash Management at PASHA Bank OJSC Bahman Orujov, said at the E-Commerce Day of Azerbaijan event, trend reports.

Orujov said that the turnover of e-commerce amounted to about 5 billion manat without considering payment indicators on state portals.

'There is a dynamic growth of turnover in POS terminals - more than half for the current year,' he said.

Orujov pointed out that 6.6 trillion transactions worth over $100 trillion are performed daily in the world in the e-commerce sector.

'The main countries where e-commerce dominates are North America and Asia,' the department director said.

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