Formal increase in the number of ATMs and pos-terminals does not reflect the quality of payment services
By August 1, the number of ATMs installed by banks in Azerbaijan amounted to 2 493 units (+ 2.9% against the beginning of the year).
According to the Central Bank of the Republic of Azerbaijan, the relative preponderance is in the capital – 1 399 ATMs (+ 2.4%), with 1,094 regional offices (+ 3.6%). Despite numerous complaints, the local ATMs are still the means of withholding wages and credits listed on the cards.
There has also been an increase in the number of formal pos-terminals installed at trade and services. Nationwide, by August 1, their number reached 53,988 units (+ 62.2%). And here the advantage is for the capital - 37,189 units against 16,799 in the regions, despite the fact that at the periphery the rise is 3.87 times. Most (97.3%) of all POS terminals are located in the retail sale points - just 52,533 units. --17D-
Economics
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