Kazkommertsbank and Diners Club International Launch Franchise Activity in Kazakhstan
15 Settembre 2016 - 4:00PM
Business Wire
Kazkommertsbank to Be the Exclusive Issuer and
Acquirer for Diners Club in Kazakhstan
Diners Club International Ltd., as part of Discover Global
Network, and JSC Kazkommertsbank, one of the largest acquirers and
credit card issuers in Kazakhstan, will commence Diners Club card
business operations in Kazakhstan.
Kazkommertsbank will be the exclusive acquirer in Kazakhstan for
Diners Club and other cards issued on Discover Global Network,
which is made up of Discover Network, Diners Club and PULSE. The
deal will enable acceptance at over 42,000 POS-terminals and 2,266
ATM locations throughout the country. Kazkommertsbank will also be
the exclusive issuer of Diners Club cards in Kazakhstan, and is
expected to begin issuing cards later this year.
“Kazakhstan is in a prime location for facilitating trade among
countries throughout Asia and Europe, making it a pivotal country
to help increase Diners Club’s presence in the region,” said Matt
Sloan, managing director, Discover – Europe, Middle East and
Africa. “Working with Kazkommertsbank will not only expand our
global footprint, it will also allow Discover Global Network
cardholders to use their cards throughout the country.”
“Our collaboration with Diners Club is another step toward the
integration of Kazakhstan into the global economy, which increases
the growth of tourism potential in our country,” said Nurlan
Zhagiparov, managing director, Kazkommertsbank. “In the near
future, Kazakhstan will become more attractive to foreign visitors
thanks to significant events such as The Universiade 2017 and
EXPO-2017. Expecting a great inflow of foreign tourists and
business travelers, we try to provide them with the comfort they
are accustomed to in settlements and payments. The additional
benefit from collaboration with Diners Club is that the holders of
cards issued for local payment systems of India, South Korea and
certain other countries could be serviced via Discover Global
Network. Which means that upon arrival to Kazakhstan they would be
able to use their cards.”
A globally-recognized product, Diners Club cards are accepted in
more than 185 countries and territories, millions of merchant
locations and at more than 1 million ATMs and cash access
locations.
About JSC Kazkommertsbank
Kazkommertsbank is one of the largest banks in Kazakhstan and
Central Asia. The Bank's assets as at November 30, 2015 amounted
KZT 4 801 bn. The Bank has subsidiaries operating in the field of
investment portfolio management, insurance and brokerage services.
The Bank also has subsidiary banks in the Russian Federation and
the Republic of Tajikistan. Bank’s main shareholders are: “Central
Asian Investment Company” JSC, Mr. N.S. Subkhanberdin, “Qazaq
Financial Group” JSC (former “Alnair Capital Holding” JSC), “NWF
“Samruk-Kazyna” JSC, Mr. K.Kh. Rakishev
The Bank's shares are listed on the “Kazakhstan Stock Exchange”
JSC (KASE). Global depositary receipts, the basic asset of which is
the Bank's shares (GDR) are listed on the London Stock Exchange
(LSE). The Bank was the first among the CIS banks completed an IPO
in GDR form on the London Stock Exchange in November 2006, totaling
USD 845 mln. For more information, visit www.kkb.kz.
About Diners Club International Ltd.
Established in 1950, Diners Club International became the first
multi-purpose charge card in the world, launching a financial
revolution in how consumers and companies pay for products and
services. Today, Diners Club is a globally-recognized brand serving
the payment needs of select and affluent consumers, offering access
to more than 700 airport lounges worldwide, and providing
corporations and small business owners with a complete array of
expense management solutions. With acceptance in more than 185
countries and territories, millions of merchant locations and
access to more than 1 million cash access locations and ATMs,
Diners Club, as a part of the Discover Global Network, is uniquely
qualified to serve its cardmembers all over the world. Diners Club
International is a wholly owned subsidiary of Discover Financial
Services (NYSE: DFS), a direct banking and payment services company
with one of the most recognized brands in U.S. financial services.
For more information, visit www.dinersclub.com.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
equity loans, checking and savings accounts and certificates of
deposit through its direct banking business. It operates the
Discover Network, with millions of merchant and cash access
locations; PULSE, one of the nation's leading ATM/debit networks;
and Diners Club International, a global payments network with
acceptance in more than 185 countries and territories. For more
information, visit www.discover.com/company.
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version on businesswire.com: http://www.businesswire.com/news/home/20160915005185/en/
KazkommertsbankAlma Buirakulova, Investor Relations+7
(727) 258-51-25, E-mail: investor_relations@kkb.kzIlya Borovoy,
Public Relations Department Deputy Director+7 (727) 258-54-56,
E-mail: pr@kkb.kzorDiscover/Diners Club InternationalRob
Weiss+1-224-405-6304, E-mail: robertweiss@discover.com
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