In 2004 the National Bank of the Kyrgyz Republic declared initiation of the tender under the project of establishing a Uniform Interbank Processing Center as part of the actions under National Program of Actions for 2003-2005 on Introduction of the System of Non-Cash Payments and Creation of Infrastructure, Capable to Provide for Effective Payments in the Kyrgyz Republic.
The main activity goal of the National Bank of the Kyrgyz Republic is achievement and support in the price stability by means of relevant monetary policy.
The project aims to develop a modern integrated Kyrgyz payments system that is accepted and used by the commercial banks and their clients. This will provide basic IT infrastructure that is essential for the development of a modern banking system that will increase the efficiency of payment services and facilitate the growth of financial intermediation. The new payments system infrastructure will enable commercial banks to process a larger volume of transactions in a more reliable, secure and affordable manner, and provide the population with access to better banking services, whereas currently existed two card processing centers fail to work in mutual cooperation.
R.I.S.K. Company was chosen having successful experience in implementation of similar project designed and developed IT infrastructure for Card Processing Center of the National Bank of Azerbaijan.
The primary task is to create an up-to-date infrastructure, which is based on international standards of information technologies, and increase the volumes of cashless payments that are done by using bank cards in the Kyrgyz Republic. The project will link central site, reserve site and 6 regional offices in one unique IT and ATM infrastructure. The implementation phase commenced at the beginning of the 2006 year with contract signed at the end of 2005.