Russia, Georgia and CIS Payment Cards Yearbook

Kyrgyz Republic - Summary

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Kyrgyzstan Market Overview
Kyrgyzstan Payment Organizations	Interbank Card Processing Center

Kyrgyzstan Domestic Card Brand	Elkart

Kyrgyzstan 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 16 banks issuing cards and 14 participating in the Elkart system. VISA is the most popular of the international brands. UniCredit, through its Kazakh subsidiary UniCredit Bank, is the only western bank present. Foreign capital accounted for 35% of banking sector capital at end-2010. Despite the limited development, six banks provide internet banking services, according to National Bank of the Kyrgyz Republic, the central bank.

Kyrgyzstan Major Issuers	Demir Kyrgyz International Bank, BTA Bank, UniCredit Bank, SSC Bank.

Kyrgyzstan Key Statistics 2010
Kyrgyzstan Population	5.1 million (2009)
Kyrgyzstan Cards	225,200, including approximately 85,000 Elkart
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