Penki Kontinentai Develops Business Links with Uzbekistan

Uzbekistan has always been one of the priority activities of the Penki kontinentai group. During the Uzbekistan Common Republican Processing Center (CRPC), Director Ahror Makhmudov and Deputy Director Farrukhjon Nigmatov to the Penki kontinentai head office Vilnius, the guests were introduced to innovative software solutions developed by the BS/2 and ASHBURN International member companies.

The main objectives of CRPC include the targeted promotion of advanced banking information technologies and electronic payment instruments to the Uzbek financial market. CRPC is also responsible for data security and other related functions, including nationwide UZCARD payment system processing.

Uzbekistan actively invests in the infrastructure of electronic settlements and expands the possibility of carrying out card payments. Only in the first three quarters of 2017, the total amount of electronic settlements amounted to €18 billion, 228.4% more than the same period of the previous year.

The BS/2 Deputy General Director Tomas Augucevičius introduces the CRPC top managers the multifunctional .iQ family software solutions developed by BS/2 designed for optimizing complex business processes (Service Desk.iQ), cash flow management (Cash Management.iQ), or automation of the cashier’s workplace (Smart Safe.iQ) In his turn, ASHBURN International Executive Director Žoržas Šarafanovičius introduced them the TransLink.iQ solution for processing transactions and managing EFT-POS networks.

The EECA sales manager of the world-famous banking equipment manufacturer Diebold Nixdorf,  Anna Pankraz, introduced guests from Uzbekistan to Diebold’s latest technological solutions Nixdorf company.

During the visit, cooperation prospects were discussed, and experiences in banking technologies were shared. BS/2 is actively supporting business relations with Uzbekistan’s largest banks, providing them ATM sales and maintenance services through its local subsidiary, JV “BS2 TASHKENT” Ltd.