Kyrgyzstan

Payment Organization 

Interbank Card Processing Centre (ICPC). 

Domestic Card Brand 

• Elcard cards (Elkart); 
• Interregional Zolotaya Korona cards. 

Market Structure 

• The Kyrgyz card payments market is at an early stage of development, and suffered a setback with the upheavals of 2010. 
• However, the foundations have been laid for growth, with 17 banks issuing cards and 13 participating in the Elcard system. 
• VISA is the dominant international brand. 
• Zolotaya Korona is the interregional payment card system mostly used for money transfers. Some cards are co-branded Alai-Card. 
• National Bank of Kyrgyz Republic, the central bank, is supervisor of the retail payments system and plays the lead role in its development. 
• 16 Kyrgyz banks have foreign participation in their share capital, including banks from Turkey, Pakistan and Kazakhstan. 
• With the withdrawal of UniCredit in March 2013, there is no major western bank presence. Foreign capital accounted for 36.5% of banking sector capital at end-2013. 

Notable Market Trends 

Rollout of contactless EMV cards and POS terminals has started. 

Updated Information About:

Major Issuers, Major Acquirers, Major Processors and Consumer Finance indicator.

Statistical Key Figures for 2015 provided in this profile:

• UPDATED: tables with card business data 2011-2015; growth rates: Y-o-Y, CAGR
• Population, Cards per Capita, Card Value per Capita
• Debit Cards, Credit/Delayed Debit Cards, Total Cards
• Card payments by number and by value, ATV per card, payments per card/year
• ATMs, POS terminals, ATMs/POS terminals per 1 million capita
• ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
• POS payments by number/by value, ATV per POS payment, TXs per POS/month
• Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
• Issued Card brands by individual major issuer bank
• Accepted card brands by individual major acquirer
• Drill down into the debit card use and credit cards use details

Product information

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Version

1.1(090117) last updated 9th January 2017