Global recognition: VISA awards MBANK for business innovation
Global digital payments leader VISA has recognized MBANK for its contribution to the development of digital services for businesses. The bank received an award for the successful implementation of the Visa Direct Account technology in the MBusiness app, which opens new opportunities for international settlements for entrepreneurs and legal entities.
The award ceremony took place during an official meeting between MBANK management and VISA representatives in Central Asia. During the meeting, the parties discussed the prospects for developing international payments, as well as the implementation of modern digital solutions aimed at increasing the accessibility and convenience of financial services in the region.
VISA representatives thanked the bank for its active implementation of innovations that contribute to the development of entrepreneurship in Kyrgyzstan.
“We are pleased to recognize MBANK for implementing the Visa Direct Account solution, which makes international payments even faster, more convenient, and more secure. The ability to send funds abroad in near real time will help business clients develop their companies more effectively and enter new markets,” said Sanzhar Suleimanov, Vice President and Regional Manager of VISA in Central Asia.
In turn, MBANK representatives emphasized the importance of implementing modern solutions.
“Receiving this award is an important confirmation that our digital solutions are in demand and useful for business. We strive to bring global markets closer to Kyrgyz entrepreneurs, which is why international payments are now available in one click directly in the MBusiness app. Our goal as a bank is to create convenient tools that help run business transparently and efficiently. It is important to note that this solution is available to everyone: from individual entrepreneurs and small companies to the largest corporations in the country,” emphasized Altynai Yegemberdieva, Director of the Corporate Segment Digital Development Department.
About Visa Direct Account
The VISA Direct Account service in the MBusiness app MBusiness is a business solution that allows entrepreneurs to send funds to partners abroad (USA, United Kingdom, South Korea, and all European countries) directly from their account.
According to the bank, transaction fees are fixed: $3 or €7 for small transfers, and from 1% for larger ones. Currency can be purchased directly in the app before sending a payment. As noted by the financial institution, this helps businesses reduce operational costs and save time on settlements.