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Payment Card Year Book - Kyrgyzstan 2018/2019

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  • January 2019
  • Region: Kyrgyzstan
  • Payments Cards and Mobile
  • ID: 4833061

Payment Organisation

  • Interbank Card Processing Centre (ICPC).

Domestic Card Brand

  • Elcard cards (Elkart), from 2016, also co-badged UnionPay
  • Interregional Zolotaya Korona cards, many co-badged AlaiCard

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 17 banks issuing cards and 13 participating in the Elcard system.
  • VISA is the dominant international brand.
  • Zolotaya Korona is the interregional payment card system mostly used for money transfers. Some cards are co-branded Alai-Card.
  • National Bank of Kyrgyz Republic, the central bank, is the supervisor of the retail payments system and plays the lead role in its development.
  • 18 Kyrgyz banks have foreign participation in their share capital, including banks from Turkey, Pakistan and Kazakhstan.
  • With the withdrawal of UniCredit in March 2013, there is no major western bank presence. Foreign capital accounted for 49.8% of banking sector capital at end-2017.

Notable Market Trends

  • The rollout of Elcard cards, contactless cards and POS terminals.

Statistical Key Figures for 2017 provided in this profile:

  • UPDATED: tables with card business data 2013-2017; growth rates: Y-o-Y, CAGR
  • Population, Cards per Capita, Card Value per Capita
  • Debit Cards, Credit/Delayed Debit Cards, Total Cards
  • Card payments by number and by value, ATV per card, payments per card/year
  • ATMs, POS terminals, ATMs/POS terminals per 1 million capita
  • ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
  • POS payments by number/by value, ATV per POS payment, TXs per POS/month
  • Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
  • Issued Card brands by the individual major issuer bank
  • Accepted card brands by the individual major acquirer
  • Drill down into the debit card use and credit cards use details

Companies Mentioned

  • AlaiCard
  • Elcard cards (Elkart)
  • National Bank of Kyrgyz Republic
  • UniCredit
  • UnionPay
  • VISA
  • Zolotaya Korona


The publisher's research is collated over a year from Primary sources across all European and Eurasian markets. They use the ECB, BIS as well as annual reports from the European banks and listed companies, consulting platforms and major accounting firms along with a combined 100 years of experience in the payments industry analysing and commenting on the data.