NON CASH PAYMENTS CONTINUED UPWARD TREND IN KAZAKHSTAN IN 2019
Kazakh residents made cashless payments via the internet and mobile phones in the tune of almost 10 trillion tenge within 2019, Ranking.kz reports.
The turnover of Kazakh and foreign issuers’ payment cards within Kazakhstan amounted to 3.5 trillion tenge in December 2019, 20.3% more than in November last year, of which more than half accounted for cashless payments, thus continuing to increase. The cashless payments made up 55.2% or 1.9 trillion tenge in December.
Last year’s September saw the bank transfer for the first time outstripped cash withdrawal in volume, its share was 51.7%.
2019 saw non cash payments amounting to 13.3 trillion tenge in total, with a 2.4 time year on year increase, while the turnover increased from 29.2% to 45.5%.
Over the same period, Kazakhstan witnessed a 20% year on year increase in the amount of cash issued using payment cards, amounting to 15.9 trillion tenge.
Almost 10 trillion tenge of the total non cash payments in 2019 accounted for the Internet and mobile phones 3.4 times up than in 2018, their share increased from 52.1% to 72.6%.
POS terminals represented 26% or 3.5 trillion tenge, 47.4% more than in January December 2018. Other non cash payment tools including ATMs, bank kiosks made up only 1.5%, with a decrease by 29.7%, to 195.2 billion tenge.
As for the regions, non cash payments using Kazakh and foreign issuers’ payment cards decreased only in Akmola region, declining by 10.4% to 132.6 billion tenge in January December 2019.
The biggest annual growth in non cash payments was in Kyzylorda region, where a 5.2 fold to 159.1 billion tenge was observed. Zhambyl was second region with the highest annual growth (4.5 times) and Almaty region (3.8 times) was third..
More than half of the total amount of non cash payments fell on Almaty: 7.3 trillion tenge, an increase of 2.1 times within the year. The capital city of Nur Sultan was second in terms of the biggest amount of non cash payments 1.7 trillion tenge, an increase of 3.6 times.
Source: Kazakhtan 2050