Keremet Bank started servicing UnionPay International contactless cards
Keremet Bank, recognized in the Kyrgyz Republic as one of the best banks in terms of the number of banking devices, began to serve contactless cards of the popular international payment system - UnionPay International in its ATMs.
Keremet Bank, as one of the first UPI partners in Kyrgyzstan, has been actively working for several years to increase the population's access to modern solutions for cardholders in all regions of the country.
In Kyrgyzstan, a significant proportion of rural residents from remote and high mountain areas were denied access to banking services. To solve this problem, the bank in a short time implemented a large-scale and unaffordable project for many local financial and credit institutions of the country to deliver, install, connect and maintain 100 ATMs with contactless readers in the most inaccessible regions of the country: 19 in Batken, 17 in Jalal -Abad and Osh regions, 13 - in Issyk-Kul and Chui, 12 - in Naryn and 9 - in Talas.
- Not every bank in Kyrgyzstan is capable of such a step due to the high cost of ATMs and software, low infrastructure development in the regions, high cost of maintaining devices, as well as difficulties with their collection. “Keremet Bank” has successfully implemented this project, and today the bank's ATM network has more than 250 devices throughout the country, and the plans are to further expand the network.
The bank understands that people's access to banking services and their quality of life directly depends on infrastructure, the Kyrgyz partner UnionPay is also actively working to increase the number of POS terminals in trade and service enterprises and expand the network of payment terminals, to develop online services in the country. mobile and internet banking, as well as the introduction of new banking solutions using modern technologies and world standards.
The international payment system UnionPay cooperates with more than 2300 foreign institutions, its cards are issued in 61 countries of the world and are accepted in 179 countries. As the leader in the number of cards issued in the world, UnionPay opens up new opportunities not only for the banking sector but also for retailers and small businesses, who can attract more customers by offering solutions and technological capabilities of the payment system.
