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  • Non-cash payments saw 2-fold rise, stand at KZT7tln in Kazakhstan
9 October, 2019 14:31

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.

Non-cash payments saw 2-fold rise, stand at KZT7tln in Kazakhstan  | Strategy2050.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 

chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan