National Bank of Kazakhstan gave brief information about the payment system of country during first seven months of this year
08.08.01 00:00
/IRBIS, Aug 08, 01/ National Bank of Kazakhstan gave brief information
about the payment system of Kazakhstan in its monthly press-release,
devoted to the current situation at financial market of country.
According to the information of National Bank the volume of payments lead
through payment system of country totaled KZT6,061.5 th, transactions -
KZT5,489.0bn, during seven months of this year. On the whole the increase
of number and sums of payments was in the payment system. The number
of payments increased by 10.8%, sum of payments - 62.9%, relative to
similar period of last year.
In the interbank system of money remittance (IBSMR) 74 users were
registered (of which 44 - secondary tier banks) on Aug 01, 01. 2,134.2 th
transactions at KZT5,179.0bn were made from Jan till July of 2001. The
number of payments declined down by 44.0% and sum of payments inclined
up by 60.4%, relative to similar period of last year. The increase of rates in
IBSMR and policy of National bank, aimed at remittance of small payments
in the system of retail payments in order to make operation of IBSMR more
effective caused the decline of number of payments.
In the system of retail charge (SRP) documents amounted to 3,927.3th at
KZT310.0bn during seven months of 2001. The number of documents in
SRP inclined up by 2.4 times, and volume of payments - by 2.2 times,
relative to similar period of last year. The increase of total number of
clearing participants (from 57 in Jan 01, 01 up to 60 in Aug 01, 01), discount
of rates for SRP payments and active participation of regional treasury and
SCPC in SRP, all the above mentioned resulted considerable increase of number
and sums of payment.
In the system of charge card secondary tier banks issue charge cards of
local system: ALTYN, Irtysh card (Halyk save Bank of Kazakhstan OJSC);
SmartAlemCard (Bank TuranAlem and cards of CASPIAN Bank OJSC), and
also cards of international system - Europay International, VISA
International, Union Card. On July 01, 01 the number of circulating charge
cards totaled1.3m pieces, of which 64% - international system cards, 36% -
of local system. In first six months the total volume of transactions through
charge cards, which were issued by Kazakhstani banks amounted to 6.3m of
transactions at KZT58.6bn. KZT51.4bn or 87.8% - payments through charge
cards of international system, KZT7.2bn or 12.2% - payments through
charge cards of local system. 95.7% of total sum of payments is the portion
of these transactions done through cards issued by Kazakhstani banks.
4.3% is the trade terminal charges.
According to the press release of the National Bank, its policy presupposes
further development of effecting charge systems, particularly SRC, in order
to increase the functioning efficiency, reliability and safety. Due to this
next six months of this year the following is planned: the supply of SRC
monitoring in real time, installation of reserve centers of National bank and
NSC Kazakhstani center for interbank payment.
Electronic cash charge system with functions of debt and credit cards will be
installed in order to increase cashless payment in retail trade and restriction
of cash circulation in private business. The possibility of united system of
charge cards based upon microprocessor is studied on the basis of united
infrastructure. The Processing center CJSC was founded to implement this
project, its main task is to found the united charge area in Kazakhstan in
order to use charge cards. At the same time the problem of clear position
payment through charge cards Europay International in IBSMR is being
studied, as it was realized with VISA cards. It will allow to decline cost of
transactions and reduce currency assets of Kazakhstani banks which
operate abroad.