Non-cash payments saw 2-fold rise, stand at KZT7tln in Kazakhstan
In 2018, approximately 1.8 billion people around the world made online purchases, Strategy2050.kz informs with reference to Finprom.kz.
Electronic commerce increasingly grows all around the global, including Kazakhstan. The data from Statista indicate in 2019 the share of e-commerce in total retail trade will be 14.1%, further reaching 22% by 2023. The year 2018 saw 1.8 billion people buy products online, and $2.8 trillion in worldwide e-commerce sales.
Kazakhstan’s share in internet retailing was 144.6 billion tenge in 2018, 1.4% of the total retail sales.
In January-August this year there have been 7 trillion tenge worth non-cash payments made, 2 times up over the same period of last year (3.1 trillion tenge). The non-cash payments stood at 5.5 trillion tenge in 2018.
Most non-cash payments are made via internet or mobile phone, 4.6 trillion tenge worth, or 66.5% of the total non-cash payments, following the 8 months of this year.
2.2 trillion tenge worth operations were made by POS-terminals (a year ago – 1.4 trillion tenge).
Non-cash payments totalling at 122.5 billion tenge were made by ATMs, 16.3% down within the year (a year ago – 146.4 billion tenge).
Non-cash payments by regions: Almaty accounts for 70% of the total non-cash payments, increasing by 2.5 over the same period (2 trillion tenge).
The capital has seen non-cash payments worth 597.5 billion tenge, 2 times more compared to last year (a year ago – 281.1 billion tenge).
The third region with the most non-cash payments made is Almaty region: 273.8 billion tenge (a year ago – 77.7 billion tenge).
They are followed by Karaganda and Atyrau regions – 193 billion tenge and 144.6 billion tenge respectively.
Photo credit: Getty Images
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