People’s Bank of Kazakhstan (Halyk Bank), the largest bank in Kazakhstan and Central Asia, together with OpenWay, have launched issuing and acquiring of UnionPay UICC chip cards. This is the first project of its kind in Central Asia.
The project to support the issuing of UnionPay chip cards and acquiring at ATMs and
Central Asia’s largest bank to launch UnionPay chip card issuing and acquiring in the region
POS terminals was completed in just four months. The cards are being issued as UnionPay and Altyn co-branded cards. Altyn is the bank’s local payment system.
“When implementing innovative technology we put our customers first,” says Marat Almenov, the deputy chair of the management board at People’s Bank of Kazakhstan. “Considering the growing worldwide popularity of UnionPay and expected demand for its cards, we have introduced the co-branded Altyn UnionPay and Altyn UnionPay Gold cards. These cards meet our customers’ demands and fully comply with the latest international standards for security,” explains Mr Almenov.
“For UnionPay – a payment system with ambitions in Central Asia – it is very important to partner with market leaders in order to develop our business,” notes Zhang Chendong, country manager of UnionPay International in Kazakhstan. People’s Bank of Kazakhstan’s card business is already being managed on the WAY4 processing platform, which has proven highly reliable. We are happy that we have chosen the right partner for this project.”
The post People’s Bank of Kazakhstan to launch UnionPay chip card issuing and acquiring appeared first on Payments Cards & Mobile.
