"Bank of Asia" calls on entrepreneurs to install POS-terminals in their outlets

Dear entrepreneurs,

The "Bank of Asia" calls on you to install POS-terminals in your outlets, in accordance with the Decree of the Government of the Kyrgyz Republic dated December 23, 2015 No. 869 “On Consumer Protection Measures”, where individual entrepreneurs and legal entities are obliged to install and use equipment intended for receiving payments using bank payment cards.

Advantages for your company:

• The quality of customer service is improved by increasing the payment methods, which may lead to an increase in the sales of goods and services;
• The service is attractive to customers of local and foreign commercial banks that actively use cards to purchase goods and services. 
• Our POS-terminal serves the Elkart National Payment System, as well as the Visa international payment system;
• The number of holders of Elcard and Visa payment cards is constantly growing, aided by the Government of the Kyrgyz Republic, as well as the development of electronic (Internet) commerce;
• The level of risk associated with customer fraud is reduced (for example, attempting to pay with counterfeit banknotes);
• Costs of collection and storage of cash are reduced, while increasing the security of your offices.

Cooperation with our Bank will allow you to:

• Get new modern POS terminals informational materials advertising this service to cardholders 
• Place information about your company in the promotional products of the Bank in the sections on "Points of service of payment cards" 
• Publication of information about your enterprise on the website of "Bank of Asia" CJSC www.bankasia.kg.
• Opportunity to participate in the Bank’s advertising campaigns aimed at increasing sales using payment cards.

Bank tariffs for online acquiring of payment cards:

 *Commission for services on the Elcard payment card - 1.5% remains unchanged if the monthly volume of payments in the CSP for Internet acquiring of Elcard payment cards for 6 months of cooperation with the bank reaches over 500 thousand soms, otherwise after 6 (six) months from the date of signing the contract, the commission will be revised to 2%