Kazpochta Introduces Online Money Transfers

ASTANA – Kazpochta has introduced online money transfers allowing Kazakh holders of Visa payment cards to carry out money transfers through the Salem, Tenge! system to get cash in any branch of Kazpochta, the company recently announced.

Photo by Kapital.kz

Photo by Kapital.kz

“Now clients of the company can carry out money transfers from a payment card to any department of Kazpochta throughout entire Kazakhstan,” the press service of the national post operator reports. “To receive money apart from having an identity card, a client has to have a 15 digit code and a code word, which a sender of the money transfer must note.”

This service will be available for MasterCard payment cards this year.

The Card2card classic service with the help of Visa2Visa and MasterCard2MasterCard money transfers is being introduced for all Kazakhstan’s holders of cards with the international payment system.

Services can be used via the Post.kz mobile app as well as the transfer.post.kz website. Users must register, log into their accounts and select the relevant item from the menu “card to card” or “from card with receiving cash.” A user can receive letters with electronic copies of receipts when indicating an email address in the profile.

The minimum amount for one transfer is 500 tenge (US$1.44) and the maximum is 1 million tenge (US$2,884), according to Kazpochta. The transfers are instantaneous and the minimum 300 tenge (US$0.86) commission is charged to the sender.

Universal Postal Union noted this payment option as a successful example of the transformation of inside-country monetary transfers into a digital form.

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