VTB Bank (Kazakhstan) has launched MasterCard Acquiring


Subsidiary VTB Bank JSC (Kazakhstan) has launched into operation a project of international payment system entitled MasterCard Acquiring. Earlier, POS-terminals and ATMs only accepted Visa cards, now the Bank will also cover MasterCard cards.

- Today two global payment systems - Visa and MasterCard are in general use in Kazakhstan. And we are pleased to announce the introduction of a new service that will help our customers make the service more comfortable and convenient - says Dmitry Yakovlev, Deputy Chairman of the Management Board of VTB Bank JSC (Kazakhstan). - In light of the fact that in January 2016, the Law * on mandatory use of POS-terminals in retail outlets is due to come into force, the introduction of MasterCard Acquiring IPS will help our customers - owners of POS-terminals expand their capacities and increase their customer bases. Of course, this is good news for all MasterCard cardholders.

Today 85 ATMs and 796 POS-terminals of VTB Bank (Kazakhstan) are operating in the country. Until the end of 2015 the number of POS-terminals installed by the Bank will reach 1,500 units, and next year it will be doubled.

* Article 11 of the Law of the Republic of Kazakhstan "On payments and money transfers" runs as follows: individual entrepreneurs and (or) legal entities (hereinafter referred to as the Entrepreneurs) enjoying a special tax regime in accordance with the tax laws of the Republic of Kazakhstan, and operating in the cities of Astana, Almaty and the cities of regional importance (with the number of population more than 50 000 people), except in places lacking public telecommunications networks, are required to ensure the installation and use of the equipment (devices) for receiving payments using payment cards, starting from 1 January 2016.

Subsidiary VTB Bank JSC (Kazakhstan) is a part of international financial VTB group. The Bank has more than 6 years of successful experience in the financial market of Kazakhstan and occupies the 17th place in terms of assets among the second-tier banks of Kazakhstan. Today Subsidiary VTB Bank JSC (Kazakhstan) has a branch network consisting of 44 divisions, while 17 of them are the branches. The Bank’s central office is located in Almaty. It has the license of the National Bank of Kazakhstan No. 1.2.14/39 dated December 23, 2014.

For additional information feel free to contact the press service:

Arina Pirogova

Subsidiary VTB Bank JSC (Kazakhstan)

Tel.: 8 (727) 330 59 20 int. 59 20

e-mail: A.Pirogova@vtb-bank.kz

web: www.vtb-bank.kz

Facebook: BankVtbKazakhstan