(MENAFN- Trend News Agency) ASTANA, Kazakhstan, August 7. From
January to June 2023, people used payment cards supplied by Kazakh
banks to complete 5.3 billion cashless transactions totaling 62.8
trillion Kazakh tenge, trend reports.
This amount indicates a 1.4-fold rise over the previous year's
figures in 2022, according to the country's National Bank.
In contrast, the number of cash withdrawal transactions declined
by 7.6 percent compared to the same period in 2022, demonstrating a
shift in the country's population toward digital payment
The total number of active payment cards in circulation reached
36.4 million on July 1, 2023, representing a tremendous growth rate
of 20.4 percent over June 20, 2022.
Furthermore, the infrastructure for payment of goods and
services has grown significantly. The number of merchants accepting
payment cards has increased by 1.8 times, reaching 702,482
businesses by June 2023.
Furthermore, the number of POS terminals installed by
enterprises and banks climbed by 1.4 times to 934,000 units. The QR
code payment capability is supported by up to 90.7 percent of POS
terminals on the market.
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