17.11.2023, 18:39 119841

Volume of transactions via payment cards increases in Kazakhstan

Volume of transactions via payment cards increases in Kazakhstan
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The volume of transactions using payment cards of Kazakh issuers amounted to 14.4 trillion tenge (about $30.9 billion), the number of transactions was 1.02 billion in September 2023, Trend reports.

Data from Kazakhstan's National Bank shows that compared to the same period in 2022, the number of non-cash transactions increased by 26 percent and reached 996.3 million transactions, the volume increased by 33.9 percent, reaching 12.5 trillion tenge (about $26.8 billion).

At the same time, payment card holders carried out 20 million transactions to withdraw cash in the amount of 1.9 trillion tenge (about $4 billion). There is a decrease in the number of cash withdrawal transactions compared to September 2022 by 2.2 percent, an increase in the volume of transactions - by 11 percent.

The main share of non-cash transactions in Kazakhstan was made through the Internet/mobile banking (81.4 percent of the total number of transactions and 91.1 percent of the total volume of non-cash payments and money transfers) and POS terminals (18.6 percent and 8.6 percent of total number and volume of non-cash payments and money transfers).

Cash dispensing transactions were mainly carried out through ATMs (98.4 percent and 89.3 percent of the total number and volume of cash dispensing transactions).

There are 72.6 million payment cards in circulation in Kazakhstan as of October 1, 2023. The most common are debit cards, their share is 80.6 percent, the share of credit cards is 16.7 percent. The share of debit cards with a credit limit and prepaid cards accounted for 2.7 percent.
 

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