The Kazakh payment system presents a vast array of financial services catering to international clients. Our team of experts is well-prepared to guide you through the application process. For more detailed insights into the financial products available for non-residents in various countries, our portal offers comprehensive information.
Foreign enterprises can now establish remote accounts in Kazakhstan with the PSP, eliminating the need to send representatives to the country. An account with the Kazakh payment system empowers your business to facilitate global payments, enabling both sending and receiving transactions.
Key features of the Kazakh PSP:
- Licensed and Regulated: The company operates under the purview of the Astana Financial Services Authority, with Astana serving as Kazakhstan’s capital. It holds licenses to provide financial services.
- Global Accessibility: The PSP accommodates citizens from nearly every nation, allowing them to open accounts from the comfort of their homes.
- Versatile Payment Options: Users can make payments through traditional banks or modern electronic wallets.
- Payment Cards: Upon request, the PSP provides the option to obtain pay cards.
- Cryptocurrency Integration: The payment system offers seamless integration with a major cryptocurrency exchange, enabling users to buy and sell various cryptocurrencies.
The Kazakh PSP serves as an all-in-one solution, offering an extensive range of services encompassing payment accounts, money transfers, funds collection, and payment processing.
A diverse array of services offered by the Kazakh PSP:
This fintech company warmly welcomes businesses spanning a wide range of industries, including IT, e-commerce, forex trading, and the gambling sector. The PSP predominantly serves clients from the following regions:
- Offshore-registered companies.
- Companies registered in Europe, Asia, the Middle East, and the Far East.
Upon the creation of your account with the payment system, your company will be assigned a risk level that dictates fees and tariffs:
- Risk Level A: Low risk.
- Risk Level B: Medium risk.
- Risk Level C: High risk.
This risk level is influenced by your business activities and the jurisdiction in which your company is registered. Nevertheless, no specific jurisdiction automatically leads to service denial.
Restricted service for certain countries:
While the Kazakh PSP typically maintains an inclusive approach, certain jurisdictions are included in black or grey lists:
- Blacklisted countries: Iran, North Korea, and Syria.
- Greylisted countries: These include jurisdictions closely monitored by FATF, such as Seychelles, Mauritius, Malta, Cayman Islands, Cyprus, Georgia, Latvia, Vanuatu, Saint Vincent, and Dominica. Additionally, the Kazakh PSP maintains its list of high-risk countries.
Document requirements for account setup:
To establish an account with the Kazakh PSP, you will need to provide the following documents:
- Corporate documents that include the Certificate of Incorporation, Memorandum and Articles of Association, Certificate of Incumbency, and Certificate of Good Standing. These documents must contain details such as company name, registration or company identification number, legal and physical addresses, types of company activities, corporate telephone number, registration date, registration location, company website address, etc.;
- If another corporate entity owns the company, you should present the beneficial owner’s documents;
- Personal documents for company owners and directors, including color copies of their passports, CVs, and utility bills (issued no earlier than three months ago) to confirm their residential addresses.
All application documents except the application forms must be certified when applying for an account with the Kazakh PSP.
Kazakh PSP’s fees and commissions:
The professional services of our portal connected with opening an account with the Kazakh payment system cost 2,999 EUR. Fees and commissions of the payment system itself vary depending on the risk level assigned to the client company:
Category A clients (low risk):
- Minimum deposit: 1,000 USD;
- Processing application: 199 USD;
- Monthly maintenance fee: 30 USD;
- BTC into FIAT (and reverse exchange): 5%.
Category B clients (medium risk):
- Minimum deposit: 2,000 USD;
- Processing application: 200 USD;
- Monthly maintenance fee: 55 USD;
- BTC into FIAT (and reverse exchange): 6.5%.
Category C clients (high risk):
- Minimum deposit: 5,000 USD;
- Processing application: 499 USD;
- Monthly maintenance fee: 75 USD;
- BTC into FIAT (and reverse exchange): 8%.
For transactions conducted after 16:00, there is an additional fee of 250 USD.
If you have inquiries regarding the terms and conditions of the Kazakh PSP, do not hesitate to request a consultation. Please click here to receive a personal consultation with our seasoned experts who can help you organize the process of establishing an account with the Kazakh payment system remotely and securely.
Gathering documents for the Kazakh payment system
The document requirements for account setup demonstrate that Kazakh PSP is committed to diligence and security. The extensive list of documents requested ensures that your transactions are conducted within a framework of compliance and transparency.
The commitment to transparency extends to the payment system’s fees and commissions, which vary based on the risk category assigned to your company. The differential pricing ensures that you pay fees corresponding to your business profile – a testament to the financial system’s fairness.
Expanding opportunities, enhancing value
The power of a corporate account with the Kazakh payment system extends beyond transactions. It serves as your gateway to unlocking global opportunities and enhancing the value of your international business.
The Kazakh PSP does not just offer accounts; it provides a platform for growth, catering to the unique needs of various industries. Whether your company works at the forefront of technological innovation, in online commerce, on forex markets, or in the gambling industry, the Kazakh PSP has the tools to empower you and offer favorable conditions for your business.
Furthermore, the payment system acknowledges the importance of risk and addresses it transparently. By assigning risk categories based on business activities and the jurisdiction of the client, the Kazakh PSP ensures that you receive services that align with your specific situation.
So, whether you are an offshore-registered company, a business from Europe, Asia, the Middle East, or the Far East, the Kazakh PSP is ready to serve you. As the world rapidly evolves, access to diverse financial services becomes a key advantage for any business venturing across borders.