Turnover of payment for goods and services in acquiring network of VTB Bank (Kazakhstan) has increased by 126%

25.07.2014 Since the beginning of 2014, turnover of payment for goods and services in acquiring network of VTB Bank (Kazakhstan) has increased by 126%, number of transactions has increased by 13%. At the same time, volume of payments following the results of the II quarter in comparison with the same indicator of the I quarter has increased by 110%, number of transactions has increased by 60%.

Dmitry Yakovlev, Deputy Chairman of the Board – Member of the Board of Subsidiary JSC VTB Bank (Kazakhstan): «The average monthly increase of sales on the cards amounts to about 30%, increase of number of conducted transactions - 20%. From the beginning of the year, the park of POS-terminals has increased by 221%. Pavlodar, Uralsk and Almaty have become leaders in effectiveness of use of POS-terminals of the Bank».

Experts of the Bank note that main growth of volume indicators is associated with the phased implementation of cashless payment system through POS-terminals, for businesses (from July 1, 2014 - in Astana and Almaty, from January 1, 2015 - in the cities of regional importance, from January 1, 2017- in the whole territory of the Republic of Kazakhstan). Also, positive dynamics is associated with involvement of trade and service outlets into servicing through POS-terminals and provision of flexible tariffs individually for each customer.

For reference:
SO JCS VTB Bank (Kazakhstan) - is 100% subsidiary Bank of the largest Russian OJSC VTB Bank. License of the FSA of the RK No. 1.1.259 dated 22.05.2009.
The Bank was assigned international rating at the «BB+» / «Negative» forecast level from Standard & Poor’s Agency. The branch network of VTB Bank (Kazakhstan) covers 17 cities and amounts to 24 points of sales. VTB Bank and its subsidiaries form international financial group which conducts its activities in Russian and foreign markets. VTB Group consists of more than 30 banks and financial companies in 20 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – is the Government of the Russian Federation (60,9%).