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Kazakhstanis steadily shifting from cash to cards

02 september 2011, 14:17
Most Kazakhstanis (86.4%) believe cashless payments have the future, according to a recent survey carried out by ISAS Agency on behalf of Visa, Profinance.kz .

The survey showed that the number of those using bank cards occasionally outweighs the number of those opting for cash. 50.8% of Kazakhstanis use bank cards once in a while; for 16.4% a bank card is an “inseparable companion” when making purchases; and only 32.8% still prefer cash to cards.

According to the National Bank of Kazakhstan, by June 1, 2011 Kazakhstan’s banks had issued a total of 8.9 million cards (10.5% up against June 1, 2010). Debit cards accounted for 87.9%.

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