Regulatory Alerts2015-12-09 | 130296Regulation on Bank Payment Cards in the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish comprehensive rules for the issuance, acquiring, distribution, and settlement of bank payment cards within its jurisdiction. It defines standardized terminology for card types, processing mechanisms, and peripheral devices, while mandating specific operational procedures, security standards, and contractual frameworks for all system participants. The document further aligns domestic card operations with national legislation, Islamic financing principles, and anti-money laundering requirements to ensure secure and efficient electronic payments.
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