BAKU, Azerbaijan, September 11. Mastercard
firm actively helps the event of fintech startups in
Kazakhstan, Basic Supervisor Central Asia at Mastercard Rafal Trepka
informed Development.

“We actively assist our partners-banks within the implementation of
tasks creating fintech startups. For instance, we have now been
cooperating with the AIFC (Astana Worldwide Monetary Heart)
Tech Hub for a number of years to carry competitions for younger
know-how corporations. One of the best tasks on the finish of the
competitors obtain our help and are carried out by Kazakh
banks,” Trepka stated.

He famous that this yr a contest was held to search out
technological start-ups within the subject of sustainable banking – the
Mastercard Sustainable Banking Problem, at which quite a lot of
fascinating options have been offered.

“For instance, one of many tasks was offered by the Russian
“I perceive” platform for company welfare. The answer is
aimed toward rising labor productiveness by supporting the
psychological well being and social well-being of firm personnel,”
the corporate’s consultant additionally stated.

“One other mission, the Kazakh TrustContract, opens up the
chance of signing contracts on-line through SMS on the blockchain
platform. The platform for creating Tremendous App from Overizon
(Lithuanian startup) additionally attracted the eye of consultants,”
Trepko identified. “The platform will increase the life cycle of the
buyer’s cellular utility, engagement charges and buyer
profitability by embedding associate providers, affords, subscriptions
and content material.”

Quickly, three profitable corporations which can have the chance to
launch a pilot mission with associate banks with knowledgeable help from
Mastercard and scale a profitable pilot mission within the Kazakhstan
market can be chosen from 12 finalists, he added.

Mastercard, a world know-how firm working within the
funds business, marks this yr the tenth anniversary of its
official exercise in Kazakhstan, though it has been current in
the nation because the mid-90s.

The corporate’s companions embody the biggest business banks in
Kazakhstan, in addition to Kazpost, which is the nationwide postal
operator. Work continues to attach new banks [to Mastercard
system], in addition to introduce technological and different
improvements.