February 1, 2007
Kazkommertsbank is one of the largest commercial banks in Kazakhstan and Central Asia and is the largest by total assets in Kazakhstan. According to data for September 30, 2013, its assets were 2,635.1 billion tenge (equal to USD 17.1 billion). The bank offers a broad range of services through its branch network in 45 cities across Kazakhstan. Kazkommertsbank also has subsidiaries in Kyrgyzstan, Tajikistan and the Russian Federation.
The bank has a reputation as the most technologically advanced bank in the country and is a leader in launching and implementing innovative solutions for products and services, especially in operational banking, the card business and remote service. Kazkommertsbank has the most functional Internet banking in Kazakhstan, including mobile banking, is the exclusive issuer of AMEX cards, and the only bank in the country to offer clients a unique loyalty programme.
The bank is currently focused on expanding cashless payments, developing contactless payment technology and mini POS. Kazkommertsbank was incorporated in 1991, initially specializing in services and financial products for large and medium corporate clients in all sectors of the Kazakh economy. In 2006, the bank launched the KAZKOM trademark for working with retail customers and small and medium-sized enterprises. Global depository receipts (GDR), the basic asset of which is the bank's shares, are listed in the London Stock Exchange (LSE). The bank completed an IPO in GDR form on the LSE in November 2006, the first CIS bank to do so, for a total amount of 845 million USD.http://www.kkb.kz
OpenWay Group was founded over 15 years ago. We develop WAY4, an innovative e-payment processing framework for banks, payment processors, telcos and petrol companies.
OpenWay was initially headquartered in Brussels, Belgium with one R&D team there and another in St. Petersburg, Russia. Today we are a global company with 10 offices and 130 customers around the world.
Our portfolio consists of WAY4 Card and Merchant Management, Financial Switching, Personalised Channel Banking, Prepaid Cards, E-Commerce, Mobile Payments, Digital Wallet, DCC, Fuel Cards, and other solutions.
Our customers include tier-1 giants, mid-size companies, and ambitious start-ups:
WAY4 live installations consistently demonstrate high performance; for example, 90 million cards issued and authorized on a single platform and 12 million POS/ATM clearing transactions processed daily by a single acquirer.
OpenWay, known for its commitment to long-term relationships, both serves customers locally and provides global support. Today our team unites approximately 500 payment business, digital technology, and security professionals.