BISHKEK, Kyrgyzstan, November 12. A brand new
international cash switch system, Kwikpay, has been launched in
Based on knowledge from the National Bank of Kyrgyzstan, the Kwikpay
system is now included in the register of international cash
switch techniques, making it the sixteenth registered operator in the
Headquartered in Moscow, Kwikpay specializes in facilitating
cash transfers to financial institution playing cards in Russia, Tajikistan, Kyrgyzstan,
Kazakhstan, and different nations by its cellular utility. The
system is flexible, permitting using any Mir financial institution card, as nicely
as Visa and Mastercard, for international transfers.
The Bank of Russia formally registered Kwikpay on August 25 of
this yr as a brand new fee system for international transfers.
As of June 30, 2023, the present cash switch techniques in
Kyrgyzstan included Western Union, Contact, Money Gram, Unistream,
Zolotaya Korona, RIA, UPT, and Astrasend.
Simultaneously, the full variety of banking fee playing cards in
circulation in Kyrgyzstan reached 6,102,700 playing cards on June 30.
Compared to the identical date in the earlier yr, the variety of playing cards
elevated by 41.5 p.c, and in comparison with the start of 2023,
it elevated by 16.6 p.c.