Transactions for AZN 343 bn made through national payment system of Azerbaijan

15:37 - 14.02.2023

February 14, Fineko/abc.az. The total volume of transactions in the country through the national payment systems (AZIPS, XOHKS, AÖS) amounted to AZN 343 bn, and the number of transactions amounted to 97.6 million operations.

ABC.AZ reports with reference to CBA’s Review of Digital Payments for 2022.

The number of transactions through the Real-time Interbank Settlement System (AZIPS) on large and urgent payments, which are the main components of the national payment system, amounted to 1.4 million operations for AZN 300.1 bn and through the clearing system of settlements on small payments (XOHKS), which allows making small and constantly recurring payments by electronic media, 95.9 million operations for AZN 41.9 bn.

Last year, the number of transactions through instant payment system AÖS reached 337,300 operations for AZN 549.6 million.