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Azerbaijan’s PASHA Bank reveals volume of m10 QR-transactions

BAKU: By the end of 2023, over 81 million manat ($47.6 million) worth of transactions were conducted through m10 QR-transactions, Chairman of the Executive Board and Chief Executive Officer at PASHA Bank Javid Gouliyev said during today's press conference dedicated to the bank's performance results for 2023 in Baku, Trend reports. According to him, one of the major achievements was the introduction of the m10 QR-transaction method via PASHA Bank's POS terminals. "This innovation enabled 3.5 million transactions worth over 81 million manat ($47.6 million), demonstrating the high demand and efficiency of PashaPay among customers," Gouliyev added. He also noted that PASHA Bank continues to actively develop its business-to-business (B2B) services. "Azercell's digital card (akart) has also shown significant progress. In the three years since its launch, akart has processed over 500 million transactions totaling $3.2 billion," the CEO said. To note, at the end of 2023, PASHA Bank's assets stood at 8.622 billio n manat or $5.07 billion (2.2 percent growth), with the loan portfolio at 2.958 billion manat or $1.7 billion (4.7 percent growth), liabilities at 7.809 billion manat or $4.59 billion (35.7 percent growth), and the bank's net profit reached 271.551 million manat or $159.7 million (3.18 times growth). Source: Trend News Agency