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Over half of Kazakhstanies use bank cards

30 september 2011, 16:36
The number of bank cards holders in Kazakhstan has reached 8.5 million people this year, KazTAG reports.

As of September 1, 2011, Kazakhstan banks issued 9.1 million cards, Kazakhstan National Bank announced.

"As of September 1, 2011, the banks issue 9.1 million cards and the number of bank cards holders made 8.5 million people (compared to the same date in 2010, the growth made 10.5 percent and 9.8 percent, respectively),” the message at the monetary regulator's website states.

According to the National Bank, debit cards are the most popular type of cards among Kazakhstan residents, their share is 87.6 percent. Share of credit cards in 10.8 percent. Debit cards with credit limit and prepaid cards make 1.6 percent and 0.1 percent of the market.

Volumes of transactions with the use of bank cards of Kazakhstan issuers made 350.1 billion tenge ($2.4 billion) in August 2011, while the number of transactions reached 12.3 million.

Growth of the number and amounts of cashless payments made 26.9 percent and 50.6 percent, while cash withdrawal operations accounted for 4.2 percent (9.7 million transactions) and 15.4 percent (298.3 billion tenge ($2.03 billion)) respectively. As of September 1, payment cards were issued by 20 banks and Kazpochta (Kazakhstan post service).

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