Kazkommertsbank launches EMV credit card with Welcome's XLS

GO!Card is an innovative credit card product designed to stimulate spending with the use of enhanced payment features such as bonus points accumulated instantly on the card's chip, which can then be spent at any participating merchant location. The amount of bonuses provided differs from merchant to merchant and could be up to 20% of the total purchase amount at some locations.

"Kazakhstan is a few years ahead of other former Soviet republics in terms of development of its financial sector," said Philippe Bontemps, Welcome's EMEA regional director. "Kazkommertsbank's desire to optimize their EMV card launch shows how dynamic and leading edge the financial sector is in Kazakhstan. We expect that neighbouring countries will closely watch the development of Kazkommertsbank's GO!Card."

"When deciding to do enhanced payment, the choice of XLS was obvious because XLS doesn't impact the existing payment systems and infrastructure but rather extends them by enriching the payment process," explained Inessa Yespenbetova, Director of Cards Department at Kazkommertsbank. "Furthermore, the full range of functionalities offered by this industry proven solution corroborated our decision."