BAKU, Azerbaijan, April 1. Visa goals
to develop improvements within the Azerbaijani market, Senior Director,
Regional Manager of Visa in Azerbaijan Nurlan Hajiyev stated in an
interview with Trend.
According to him, the corporate sees large potential and
prospects within the growth of recent strategies of accepting non-cash
funds.
“Certainly, right here we speak concerning the initiatives that
promote the transportation and feminine entrepreneurship sectors as
nicely because the enlargement and safety of cashless funds throughout the
nation. Visa initiatives are additionally geared toward making certain the transparency
of doing enterprise and making funds, accelerating the expansion of
cashless funds, and reaching different strategic targets of our
firm,” he added.
The quantity of non-cash funds in Azerbaijan amounted
to 58.56 billion manat ($34.45 billion) in 2022, which is 21.1
billion manat ($12.4 billion) or 56.26 % greater than in 2021. A
complete of 562.1 million transactions price 54.2 billion manat ($31.8
billion) have been carried out by debit playing cards (a rise of 54.9
%), and 80.8 million transactions price 4.3 billion manat
($2.5 billion) by bank cards (a rise of 78.3
%).
The variety of cost playing cards in circulation equaled
13.2 million as of January 1, 2023, which is 20.1 % greater than
in 2021. The development of debit playing cards was 18.7 %, and that of
bank cards – 29.4 %.