Turkmenistan Sees Increase in Number of Bank Cards

As of September 1, over 5.8 million bank cards were registered in Turkmenistan, indicating a growing interest in cashless payments in the country. Since the beginning of 2024, the number of cards issued has increased by 4.7%, from 5.562 million in January to 5.823 million in September. There was a slight increase during August and September, with about 38,600 cards added, a 0.67% increase from the previous month. Looking at the trend of recent years, 5.177 million cards were issued in January 2023, an 8.5% increase from 4.771 million at the beginning of 2022. The main factor driving this growth is the availability of financial services, as more and more people can use banking products and transition to cashless payments. Government initiatives to digitalize the economy contribute to this process.