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Quantity of transactions by way of fee playing cards will increase in Kazakhstan



ASTANA, Kazakhstan, November 17. The quantity of
transactions utilizing fee playing cards of Kazakh issuers amounted to 14.4
trillion tenge (about $30.9 billion), the variety of transactions
was 1.02 billion in September 2023, Pattern stories.

Knowledge from Kazakhstan’s Nationwide Financial institution exhibits that in comparison with the
similar interval in 2022, the variety of non-cash transactions elevated
by 26 % and reached 996.3 million transactions, the amount
elevated by 33.9 %, reaching 12.5 trillion tenge (about
$26.8 billion).

On the similar time, fee card holders carried out 20 million
transactions to withdraw money within the quantity of 1.9 trillion tenge
(about $4 billion). There’s a lower within the variety of money
withdrawal transactions in comparison with September 2022 by 2.2 %,
a rise within the quantity of transactions – by 11 %.

The primary share of non-cash transactions in Kazakhstan was made
by way of the Web/cellular banking (81.4 % of the whole
variety of transactions and 91.1 % of the whole quantity of
non-cash funds and cash transfers) and POS terminals (18.6
% and eight.6 % of complete quantity and quantity of non-cash
funds and cash transfers).

Money shelling out transactions had been primarily carried out by way of
ATMs (98.4 % and 89.3 % of the whole quantity and quantity
of money shelling out transactions).

There are 72.6 million fee playing cards in circulation in
Kazakhstan as of October 1, 2023. The commonest are debit playing cards,
their share is 80.6 %, the share of bank cards is 16.7
%. The share of debit playing cards with a credit score restrict and pay as you go
playing cards accounted for two.7 %.

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