Online payments have increased in Kazakhstan

12 July, 2018, 14:37 371
Online payments have increased in Kazakhstan

Almost half of all non-cash payments by cards in the country are conducted online.

Citizens of Kazakhstan began to use non-cash payments by two times more, reports with a reference to The volume of non-payments for over five months of 2018 has reached more than 1.7 trillion tenges that is by 2.3 more compared to the same period of the past year.

The increase was observed in all non-cash transactions. The considerable increase was marked in non-cash payments via online sources – by 3.1 times, to 852.6 billion tenges. The share of online payments out of all non-cash payments has reached 48.9%, against 35.4% a year ago. It is noteworthy that in the past year POS-terminals were leaders.

The volume of payments via POS-terminals has also markedly increased by 88.6%, to 777.5 billion tenges. And, the share has decreased over the year from 53.7% to 44.5%.

Non-cash payments via cash machines account for only 5.3%, the increase over the year by 14.8%, to 91.8 billion tenges. Other means of non-cash transactions have increased the volume by 6.4 times, to 23.9 billion tenges over the year, in this background their share has increased from 0.5% to 1.4%.

The turning point when non-cash payments via the Internet for the first time had the most popularity in the sphere of non-cash was 2017, that is this year when purchases via the Internet for the first time surpassed the volumes of payments via POS-terminals. Since then, not taking October of the past year online payments keep to lead.

In particular, as of May of the present year, the volume of online payments has made up 184.9% billion tenges against 171.2 billion tenges via POS terminals.  

The increase in the volume of non-cash payments was observed in all regions of Kazakhstan. Following the volume of non-cash by payment cards on the territory of Kazakhstan Almaty leads in the period of January-May – 1.1 trillion tenges, the annual increase of 2.8. The share of the city has increased from 51.6% to 63.3%.

The next is Astana – 160.7 billion tenges, the annual increase of 54.8%, the share of the total share of Kazakhstan has decreased from 13.5% to 9.2%.

The third one is Karaganda region – 77.8 billion tenges, the increase of 2.4. The share of Kazakhstan’s total share has increased from 4.2% to 4.5%.

Also, Akmola region where the volume of non-cash has increased by 2.3, to 34.9 billion tenges, and Almaty region with the increase by 2.1, to 40.5 billion tenges, should be noted.