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Kazachstan e-commerce and payments


August.27.2014 0 Comments

Kazachstan-e-commerce

Some facts and figures on the e-commerce and payment market in Kazachstan.

Kazachstan is one of the markets where Ikajo International is active and servicng both local as well as international clients. For more information: cmo@ikajo.com

According to official figures Kazakhstan’s e-commerce market has been increasing twice annually and in 2013 the volume of transactions reached $ 600 million. The Agency for Communication and Information reports that in six years, the share of e-commerce in the general market of goods and services will reach 10%.The Agency for Communications and Information predicts that in 2015 the e-commerce market in Kazakhstan will exceed $ 3.5 billion.

Last year, the domestic market for mobile applications has exceeded $ 150 million. Growth dynamics is high, as the number of owners of phones with operating systems Android, iOS, Windows, tablet computers, the development of mobile payment systems and mobile banking is on the rise.

Kazakhstan will have its own payment system

Kazakhstan plans to introduce its own system of card payments, which will be established in collaboration with commercial banks in the country. This will be a general banking processing center, through which all transactions will pass. But the National Bank cannot afford to create it alone, so he will partner commercial banks, which are already being negotiated.

Kazakhstan has received mPOS-terminal K-Pay

One of the leading mobile operators in Kazakhstan “Kcell” has announced the release of mobile payment terminal (mPOS). Due to this, merchants can accept cards VISA and MasterCard, equipped with both chips and magnetic stripes, of any Kazakhstani or international bank. mPOS-terminals K-Pay will be sold in a network service centers Kcell in Kazakhstan. The partner bank of “Kcell” is “Kazkommertsbank”, which will carry out reception of payment cards VISA and MasterCard.