The volume of instant money transfers without the opening of an account increased in Azerbaijan in April both among the money transfers issued and the money transfers sent, Central Bank of Azerbaijan (CBA) reported.
During the reporting period, the number of transfers issued increased by 18.3%, to 281,800 transfers in the amount of 170.1 million manats (+13.6%) compared to the same period last year. The average amount of one issued transfer decreased by 4%, to 603.5 manats.
The number of remittances sent increased by 18.1%, to 111,600 transfers in the amount of 75.8 million manats (+32.7%). The average amount of one sent transfer increased by 12.4%, to 679 manats.
The number of transfers in the National Interbank Real-Time Gross Settlement /Payment System (AZIPS) increased by 14.9%, to 77,000 transfers in the amount of 18.9 billion manats (-8.3%) compared to April last year. The average amount of one transfer decreased by 20.2%, reaching 245.7 manats.
Transfers to the Low Value Payment Clearing and Settlement System (LVPCSS) period increased significantly by 56.9%, to 4.676 million transfers amounting to 2.24 billion manats (+17.6%) during the reporting period. The average amount of one transfer was 478.4 manats, which is 25.02% less than in April last year. (Trend/Business World Magazine)