Kazakhstan to develop POS terminals.

By bne IntelliNews January 18, 2013
Kazakh banks are struggling to handle orders for POS terminals from the local companies as the government took steps to change the situation. The new amendment to the Administrative Violations Code provide administrative liability for business for lack of equipment for acceptance of payment via bank cards. A fine for refusing acceptance of such a payment was set KZT 34,620 (USD 231) for an individual entrepreneur and at KZT 86,550 for large business. In fact a decree on POS terminal usage was adopted in 2002 but business failed to do it purposely. The issue was raised by Grigory Marchenko, head of National Bank of Kazakhstan earlier this year.

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss