Altyn Banks digital banking system Altyn-i now provides «Suńqar» service of money transfer to other Kazakhstan banks accounts using a mobile phone number

“From today, customers of Altyn-i digital bank can make «Suńqar» transfers in Tenge to the accounts of other Kazakhstan banks clients using a mobile phone number.

Money transfer service using a mobile phone number between Altyn-i digital bank customers has been successfully operating since March 15, 2016. Launch of the new project allows Altyn-i clients transferring money to CenterCredit and Eurasian banks clients.

Now Altyn-i clients can transfer money in the national currency to the accounts of other banks clients using a mobile application. To do this, the remitter needs to specify the recipient’s mobile phone number, select the recipient’s bank and indicate the transfer amount.

The money is credited to the recipient’s account almost instantly. Going forward, functionality of the service and the list of participating banks will be expanded.

«Today, Altyn Bank is the leading introducer of innovative technologies in the field of financial services. We have launched Altyn-i, the first digital bank in Kazakhstan, and continue to actively develop it keeping abreast of new modern banking services for our clients. Our participation in the National Bank’s instant money transfer system pilot project is possible owing to the availability of highly qualified development team. Specifically, we have upgraded our mobile application, which allows transferring money to other Kazakhstan banks clients using a mobile phone number. The system was successfully tested and now is taking the rightful place in the list of digital banking services representing simple, fast and secure way to transfer money in the national currency. I believe «Suńqar» instant transfers will be very popular with customers of participating banks», said Marat Almenov, Chairman of the Board of Altyn Bank.

The project was implemented by the Kazakhstan Interbank Settlement Centre (KISC) and the National Bank of the Republic of Kazakhstan (RoK NB) as part of Digital Kazakhstan Governmental Programme implementation.

Reference Information:

Altyn Bank JSC (subsidiary of China CITIC Bank Corporation Ltd), previously subsidiary of HSBC Bank Kazakhstan, has been operating on the financial market of Kazakhstan for 20 years. Altyn Bank JSC is the 14th biggest bank by asset size and has the highest ratings (Fitch – “BBB-”, Moody’s – “Ba1”). Altyn Bank JSC was the first in Kazakhstan to launch a full-fledged digital bank Altyn-i offering a complete range of financial services to individuals. Serving both corporate and retail customers, the bank has 4 branch

For more information, please, contact:

АО «Altyn Bank» (ДБ China CITIC Bank Corporation Limited)

Yekaterina Kupreeva,

Head of Marketing Department

Tel.: +7 (727) 356 62 73, (ext. 11 120)