In 2023, 88.1 billion manats ($51.76 billion) were paid via bank cards in Azerbaijan, which is 56% more than in 2022, Report informs with reference to the annual Review of Digital Payments of the Central Bank of Azerbaijan.

According to the document, the non-cash payments doubled to 49 billion manats ($28.78 billion).

Thus, during the year, the specific weight of non-cash settlements in domestic transactions increased by 12.4 percentage points to 55.6%.

The majority of non-cash payments via cards fell to the share of e-commerce operations. During the reporting period, the number of e-trade transactions increased by 2.2 times to 563.4 million, and the total amount increased by 2.1 times to 39.2 billion manats ($23.2 billion).