Private Turkmen bank intends to join MasterCard system

Business Materials 12 January 2019 15:32 (UTC +04:00)

Ashgabat, Turkmenistan, Jan. 12

By Huseyn Hasanov – Trend:

Turkmenistan's Rysgal Joint-Stock Commercial Bank is working on accession to membership of MasterCard International Payment System, Trend reports via local TV channel Altyn Asyr.

This issue was discussed at a governmental meeting, where national samples of plastic cards were presented for users of this system.

Sustainable development of the banking sector is one of the key factors for ensuring competitiveness and dynamic development of the national economy, successful integration of Turkmenistan into the global system of world economic relations.

Among promising directions, the meeting participants marked the expansion of the listing and improving the quality of banking services, including those of international level, use of best practices and innovative technologies.

In the short term, Rysgal also plans to launch a payment system using QR codes (quick response code). The license to the bank of local entrepreneurs was issued in 2011.