{"id":12077,"date":"2019-01-14T16:27:25","date_gmt":"2019-01-14T16:27:25","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=12077"},"modified":"2019-01-14T16:27:25","modified_gmt":"2019-01-14T16:27:25","slug":"cashless-payments-in-kazakhstan-gaining-in-popularity","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/cashless-payments-in-kazakhstan-gaining-in-popularity\/","title":{"rendered":"Cashless payments in Kazakhstan gaining in popularity"},"content":{"rendered":"

Non-cash transactions continue to increase in the Akmola region of Kazakhstan, especially in terms of monetary value. From November 2017 through November 2018, the total volume of non-cash payments in the region increased 6.2 times, reaching KZT 31.6 billion and exceeding ATM withdrawals (totaling KZT 29.6 billion) for the first time. The average sum for non-cash payments was KZT 11,971, whereas the average withdrawal amount from ATMs was KZT 47,647.<\/p>\n

The city of Almaty still leads in terms of cashless transactions in the country, accounting for 64% of the total volume of non-cash transactions in the country. In fact, Almaty is the only city in Kazakhstan where the volume of non-cash payments by card exceeds the amount of cash withdrawals at ATMs. Online payments are the most popular form of non-cash card payments in the country, accounting for 57% of all non-cash card payments in the country.<\/p>\n

The number of payment cards in Kazakhstan amounts to approximately 22.7 million, an increase of 17.9%. The number of POS terminals is 133,500, an increase of 6.7%.<\/p>\n

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