Internet Banking Payments In Azerbaijan Grow Significantly - Central Bank

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 15. Internet bankingpayments in Azerbaijan have exceeded 59 billion manat, or $34.7million, First Deputy Chairman of the Central bank of Azerbaijan(CBA) Rashad Orujov said at a fintech summit in Baku, Trend reports.

"There is a growth in e-payment systems presented by banks. Inthe first quarter of 2024, payments through internet banking grewby 18 percent year-on-year and exceeded 59 billion manat ($34.7million), while payments through mobile banking surpassed 15billion manat ($8.8 million)," he noted.

According to Orujov, there is also an increase in non-cashpayments.

"As of April 1, the number of payment cards in the countryincreased by 22 percent, reaching 17.4 million units. The volume ofdomestic payments rose by 80 percent, exceeding 16 billion manat,or $9.4 million," the deputy chair added.

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