LONDON, UK, April 1, 2022 — Pri-Num announced today that it has enabled contactless payments for the Kyrgyzstani bank Bai Tushum.
Through its partnership with Pri-Num, Bai Tushum patrons can now make quick and safe contactless payments through their phone via the bank’s BTB PAY application. The application is the first contactless NFC-based payment application in Kyrgyzstan.
“We believe that banks need to organize the most personalized interaction with customers and provide an additional secure range of services. “We see this model as the future of banking and we are proud to play a key role in bringing it to the masses by supporting our partners in their quest to provide a seamless experience and unlock more opportunities for customers.”Said Anastasia Zimina, Chief Growth Officer at Pri-Num
BTB PAY is Bai Tushum’s application that digitally integrates its banking services into everyday consumer interactions via their smartphones. Bai-Tushum provides a full range of financial services across Kyrgyzstan and promotes access to financial services throughout the Kyrgyz Republic.
BTB PAY’s new contactless payment options were achieved with Pri-Num’s NFC issuer wallet solution on the Digital Enablement Platform™. That means Bai Tushum customers can now digitize cards on their mobile phones through the BTB PAY app and make secure contactless payments.
Pri-Num’s Digital Enablement Platform enables debit, credit, and prepaid card issuers to build a digital payment service based on tokenization and Host Card Emulation (HCE) technology. The solution opens more opportunities for the user and provides flexibility in terms of additional services and interactions. The platform also helps clients provide customers other value-added services, including loyalty programs, ticketing, identification cards, and more.
In partnership with Bai Tushum and Visa, Pri-Num helped provide platform modules and advisory assistance to colleagues at every stage of the project. Pri-Num also designed the application according to the bank’s branding, offering customers a sleek and familiar banking experience.
About Bai Tushum Bank
Bai-Tushum has been operating in the financial market since 2000, having commenced its activities in 1997 as an international project under Food for Progress monetization programme, implemented by American NGO ACDI/VOCA and Swiss organization Caritas. Bai-Tushum has confidently and dynamically developed from being a financial fund and microfinance company with the license entitling to mobilize deposits to a full-service Bank with full-fledged banking license. During this period the institution has become one of the largest financial institutions in the Kyrgyz Republic with the total assets of KGS 8,9 bn. and client base of more than 173 thousand clients.
Founded in 2013, Pri-Num is a global financial technology company that creates mobile-centric software solutions for banks, retailers, mobile operators, transportation networks, sports, and entertainment. Pri-Num, which stands for prime numbers, is a leading financial and mobile technology provider, offering customers secure contactless mobile services such as payments, loyalty schemes, transportation, identification credentials, tickets, authorization and access control, and many more. Our partners include top financial institutions, including VISA, Mastercard, UnionPay International, and many others around the world.