Russia and CIS Payment Cards Yearbook

Kyrgyz Republic - Summary

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 has suffered a setback with the upheavals of 2010. Previously, the foundations had been laid for vigorous growth, with 19 banks issuing cards, of which 16 participate in the Elkart system. Visa is the most popular of the international brands.

The banking system is dominated by foreign capital. UniCredit, through its Kazakh subsidiary ATF Bank, is the only western bank present.

Despite the limited development, 11 banks provide internet banking services, according to National Bank of the Kyrgyz Republic, the central bank.
   
Kyrgyzstan Major Issuers AsiaUniversalBank, Demir Kyrgyz International Bank, BTA Bank, ATF Bank, RSK Bank.
   

Kyrgyzstan Key Statistics 2009

  
Kyrgyzstan Population 5.2 million (2008)
Kyrgyzstan Cards 167,870, including 65,420 Elkart

 

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