Azerbaijan's PASHA Bank Reveals Volume Of M10 QR-Transactions

2024-05-29 09:21:32

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 29. By the end of 2023,over 81 million manat ($47.6 million) worth of transactions wereconducted through m10 QR-transactions, Chairman of the ExecutiveBoard and Chief Executive Officer at PASHA Bank Javid Gouliyev saidduring today's press conference dedicated to the bank's performanceresults for 2023 in Baku, Trend reports.

According to him, one of the major achievements was theintroduction of the m10 QR-transaction method via PASHA Bank's POSterminals.

"This innovation enabled 3.5 million transactions worth over 81million manat ($47.6 million), demonstrating the high demand andefficiency of PashaPay among customers," Gouliyev added.

He also noted that PASHA Bank continues to actively develop itsbusiness-to-business (B2B) services.

"Azercell's digital card (akart) has also shown significantprogress. In the three years since its launch, akart has processedover 500 million transactions totaling $3.2 billion," the CEOsaid.

To note, at the end of 2023, PASHA Bank's assets stood at 8.622billion manat or $5.07 billion (2.2 percent growth), with the loanportfolio at 2.958 billion manat or $1.7 billion (4.7 percentgrowth), liabilities at 7.809 billion manat or $4.59 billion (35.7percent growth), and the bank's net profit reached 271.551 millionmanat or $159.7 million (3.18 times growth).

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