Penki Kontinentai Group news

Penki Kontinentai Registers Stable Growth of Financial Indicators

The Penki Kontinentai group of companies is one of the leading international corporations in banking technology, innovative payment solutions, and telecommunications services. According to the results of three quarters of 2018, the group achieved stable growth of financial indicators. Compared to the corresponding period last year, the group’s income increased from 24 to 34 million euros.

“This year is dynamic and productive for our group of companies. We implemented large projects and strengthened our positions in regions of strategic importance for us. The Penki Kontinentai group of companies provides a wide range of services from a single source. Our goal is a long-term partnership with clients. We actively develop our regional subsidiaries and expand the portfolio of services provided there, offering comprehensive outsourcing and innovative solutions and the team. We invest in staff development,” says Idrakas Dadašovas, Chairperson of the Penki Kontinentai board.

According to him, Penki kontinentai is rapidly expanding its activities in the market of Uzbekistan. The company of banking technologies and retail solutions Penkių kontinentų bankinės technologijos (BS/2), belonging to the group of companies, concluded several contracts with several major banks to supply more than 300 modern multifunctional self-service devices, providing the possibility of currency exchange.

Another company of the Penki Kontinentai group, ASHBURN International, which specializes in solutions for the management and monitoring of POS terminal networks, also started its work in the market of Uzbekistan. The company signed a long-term strategic partnership agreement with the Common Republican Processing Center (CRPC). The contract deals with the sale of 250,000 licenses for POS terminals administered by CRPC, belonging to 28 banks, and implementing the software solution TransLink.iQ developed by ASHBURN International. Its functionality was expanded and adapted for the market of Uzbekistan.

As a result of successful projects in Kazakhstan, the region’s income increased by more than 3 times compared to the 2017 year – up to 4.6 million euros. BS/2 is one of the leaders of technical support and has a large network of service centers. Now the company serves about 2,600 self-service devices in Kazakhstan.

“Today, Kazakhstan is a leader in the Central Asian region for many economic indicators. The innovative technologies are becoming a source of increasing the competitiveness of our clients. Due to the high quality of services and numerous sales, we become not only technological but also strategic partners of Kazakh companies,” says Anton Valinčius, BS/2 Regional Head.

Penki kontinentai is a developer of many innovative solutions in Lithuania and the Baltic countries. The group has been working in banking technologies and retail, payment solutions, fiber-optic Internet, and IPTV almost for 30 years.

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