SC Kazkommertsbank, one of the largest acquirers and credit card issuers in Kazakhstan, is commencing Diners Club card business operations in Kazakhstan.
Diners Club International is part of Discover Global Network.
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.
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, the bank is trying 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.
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.
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