On August 27, a Kyrgyz-Korean joint company, BC Card Kyrgyzstan, officially opened as a partnership between the leading South Korean companies BC Card and Smartro and the Interbank Processing Center of Kyrgyzstan.
The chairman of Kyrgyzstan’s Cabinet of Ministers, Akylbek Japarov, attended the opening ceremony and made the first payment in the BC Card Kyrgyzstan system.
In his speech, Japarov emphasized the importance of this event for further developing the country’s financial infrastructure.
“The company was created to modernize and adapt the advanced payment processing system developed by BC Card Korea to the conditions of the financial market of Kyrgyzstan. The company’s main objective is to ensure optimal processing of domestic payments using cards of international payment systems and managing the business of POS terminals and payment services within Kyrgyzstan,” he said.
The head of the Cabinet of Ministers added that in recent years, the government has consistently supported the development of non-cash payments in Kyrgyzstan.
“The development of non-cash payments is not only a step towards modernizing our economy, but also towards strengthening financial security and increasing financial inclusion,” Japarov stated.
