E-commerce in Azerbaijan increased by 96% this year


July 26 Fineko/abc.az. For the past 6 months of 2019 Azerbaijan’s e-commerce observed growth of 96% this year (versus the 2018 same term), says Kamala Gurbanova, the director of the Department of Payment Systems & Settlements of the Central Bank of Azerbaijan.

She noted that for the past 6 months the volume of payment systems totaled AZN 125 bn. During this period there was a slight decrease in the number of POS-terminals. Over the last one year the number of cardholders in the country increased by 16.9% and rose from 5.8 million to 6.7 million people. The share of non-cash turnover in card transactions rose from 15.7% up to 20.1%. The volume of country’s e-commerce grew by 96.7% from AZN 676.7 million up to AZN 1.33 bn.