Today in Moscow was held the 1 Meeting of Far Eastern Europe and Central Asia Regional Member Council (hereinafter - the 'Council') of UnionPay International (hereinafter - the 'UnionPay or UPI'). The Council was created as a collegial body where UnionPay International attracts partners for joint solution of problems for boosting payment system business in regional countries.

Ms. Umut Shayakhmetova, Chairperson of the Management Board of JSC Halyk Bank (hereinafter - the 'Bank') has been elected for Chairperson. The participants of the Council have noted Halyk Bank's contribution to development of payment system business, when selecting the Chairperson - Ms. Umut Shayakhmetova is a councilor of the International Member Council of UnionPay International, representing the region of Far Eastern Europe and Central Asia, since November 2012. Halyk Bank - the only financial institution being member of the International Member Council of UnionPay International from this region.

According to Mr. David Lee, Deputy CEO of UnionPay International, 'we highly appreciate personal contribution of Ms. Shayakhmetova and Halyk Bank to the business development of UnionPay International in Kazakhstan, as well as great work, which Bank performs for distribution of payment culture, teaching its customers to use payment cards. Chairpersonship of Regional Member Council means general management of the Council activities, solution of business matters. The chairmanship of this collegial body is elective, and the term of the office from the selection time - 3 years. We hope for significant contribution to the presence of our payment system by Ms. Umut Shayakhmetova during this time, not only in Kazakhstan, but across - Eastern Europe, Central Asia,Russia and Caucasus region.'

The Regional Member Council is authorized to approve the operating rules of the payment system and consideration of applications of new participants.

According to Ms.Umut Shayakhmetova, Chairperson of the Management Board of JSC Halyk Bank: 'I am grateful for the trust and support by mycolleague-bankers who voted for me. Halyk Bank has been working with UnionPay International for 10 years; we have had a long way, since signing of the acquiring agreement. Today, our Bank is the leader on the market of banking services for payment cards, our share - 46.3%, total circulating payment cards in the republic are 5.4 million, being issued by Halyk Bank, and out of them 680 thousands are payment cards of UnionPay International. In the next two years, we have big plans for the partnership and the development of Altyn UnionPay card functionality - Altyn UnionPay card issue to reach - 1 million, development of e-commerce products and 'MoneyExpress' remittance services (via ATMs), implementation of 'QuickPass' contactless payment technologies'.

Milestones JSC Halyk Bank and UnionPay International:

  • 2006 Acquiring Agreement (CUP card service within Bank network)
  • 2007 Issue of the first magnetic stripe card with the CUP logo
  • 2012 Halyk Bank becomes a full member of the International Member Council of UnionPay International, representing CIS, Central and Eastern Europe.
  • 2013 UICC Standard Cooperation and Modification Agreement
  • 2014 Issue of the first co-branded chip cards Altyn UnionPay
  • 2015 Number of Altyn UnionPay cards now stands at more than 660,000 cards. 'Halyk Education' - the implementation of joint social project of Halyk Bank of UnionPay International Company - payment of education of Kazakh students, studying in China, financial disciplines.

For information:

UnionPay International (UPI) - a subsidiary of China UnionPay and focused on the growth and support of global UnionPay business outside of China. In partnership with more than 1,000 financial institutions worldwide, the UPI offers the opportunity to use the cards to pay for goods, services and cash withdrawals in 157 countries around the world. UnionPay cards are issued in more than 40 countries, including Kazakhstan. UPI ensures high-quality, cost-effective and safe cross-border payment services to the world's largest customer base of cardholders, providing convenient local services to the fast-growing number of global UnionPay cardholders and merchants.

JSC Halyk Bankis the largest retail bank in Kazakhstan. As of 1 April 2016, Halyk Bank was top bank among all second-tier banks for retail deposits, with a market share of 21.1%. Following the results of the 1Q2016, our Bank takes market dominance of banking services for payment cards with a share of 46.3%, total circulating payment cards is 5.4 million, issued by Halyk Bank. The Bank is developing as a universal financial group offering a wide range of services (banking, insurance, leasing, brokerage and asset management) to its retail customers, small and medium enterprises and corporate customers. Halyk Bank also carries out its operations in Russia, Georgia and Kyrgyzstan.

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JSC Halyk Savings Bank of Kazakhstan published this content on 15 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 June 2016 12:19:04 UTC.

Original documenthttps://halykbank.kz/en/investor-relations/press-releases/6244

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