Welcome to mobile financial services!
Mobile financial services from KICB offer an innovative product to you – an electronic wallet “ELSOM”. ELSOM enables you to perform various financial operations using a mobile device.
To bring comfort into life of every person by making modern financial services available everywhere.
Contribution to social and economic development of our country
The main objective of the product ELSOM is to simplify access to financial services for unbanked population in Kyrgyzstan, in particular in remote regions and rural area. By doing so, ELSOM will facilitate further development of the regions of the Kyrgyz Republic and will contribute for further improvement of the living standards of the population in the country.
We do our best to make the tools of cashless payment convenient and simple. Creating the electronic system of payment we always seek to make the life of each user more convenient and secure. For Customers’ comfort mobile applications for «Android» Operations System have been developed.
Available to everyone
Technologies in modern life are evolving very fast and people become more and more mobile with previous payment systems not matching the pace of life: payments are rigidly linked to the time and location.. To meet ever growing challenge, we developed our mobile financial services; the electronic wallet ELSOM, which is operational through USSD/SMS commands that are supported by all models of phones and works without access to internet or Wi-Fi in the mobile phone.
ELSOM PRODUCTS AND SERVICES
ELSOM is useful for the whole business.
ELSOM is an electronic payment system that is convenient also for the business segment (B2B). The flexible architecture enables to solve the most difficult business tasks. We are open for businessmen and are ready to develop unique solutions for each requirement and need separately. Below is list of some products:
Salary / Pension Disbursement
ELSOM offers fast and easy payroll solution to Enterprises and Government Organizations on salary and pensions disbursement to the employees and beneficiaries respectively. Hence, Customers gets easy access to their salary and pensions, as it is routed through their e-Wallet. After getting money Customers could use it for utility/merchant payments or make encashment.
• Putting payroll into the hands of employees, wherever they are.
• Vast reductions in time, effort and money spent on payroll administration.
E-government payment solution
• Tax and fine collection.
• Payment for registry services.
• Payment solution for e-auctions.
Micro Loan Disbursement and Repayment
ELSOM offers to Micro Finance Institutions a functionality to disburse the loans to its Customers through e-Wallets. Repayment of the loans can also be done by the Customers through their e-Wallets. This allows Customers of Micro Finance Institutions to save their times and repay their loans at anywhere any moment.
The electronic wallet ELSOM provides an opportunity to pay for your purchases at any time without going out. Everything you need for purchase is to enter a 5-digit code of the shop (placed on the site of the internet shop), the amount of purchase and confirm by the PIN-code.
Currently 10 internet shops accept ELSOM and their list is increasing.
To all trade and service companies engaged into selling of goods and services, ELSOM offers:
• Transparent accounting method of the funds preventing the risk of shortage, loss or theft as well as enabling to reduce time and expenses on counting of cash.
• Convenient way of settlements with the Suppliers/Distributors.
• Possibility to obtain preferential consumer loans.
For ELSOM Customers it ensures:
• Instant crediting of payments using modern technologies (QR-code) exactly for the amount of payment without losing time on waiting for a change.
• Reliable and safe payments protected by a personal PIN-code allowing not worrying about safety of your funds.
• The network of the trade and service points accepting ELSOM as payment.
• In future discounts on goods and services will be available when paying through ELSOM.
At present more than 200 trade points in Bishkek are accepting ELSOM. You can find the trade and service companies accepting ELSOM according to the special signs “ELSOM” and informational posters.
Their list is provided on our web-site: www.elsom.kg
This wallet has been developed especially for Entrepreneurs/Owners of small and medium business involved into distribution of goods and provision of services (especially fast moving consumer goods). Business owners pay suppliers exclusively in cash and in person, what requires time and safety. Mobile money can offer a more time-efficient and safer payment option by reducing or eliminating the required travel time and allowing business owners to avoid carrying large sums of cash.
Key advantages for distributors:
• Reliable payments allowing not worrying about safety of the funds and eliminating the possibility that the cash is used by trade agents for their purposes.
• Reduction of expenses related to cash collection.
• Simplified provision of short-term loans at the preferential rate to the trade points enabling to pay the debt of the debtor in time.
The charity wallet ELSOM is:
• A simple way to make contribution to support vulnerable social groups or an action to provide assistance to ones who need an operation because of disease and for other charitable purposes.
• Ensuring reporting and use of the funds strictly according to the purpose (for organizers of the action).
• Possibility for charitable organizations to withdraw electronic money in the bank without paying the fees.
Using ELSOM anyone can send even little money and know exactly that it will be channeled to a good cause!
Using ELSOM you can easily and quickly pay the rental fee without going to the Administrator’s office and waiting in the line in the Bank. Also it provides an opportunity to pay the rental fee at any convenient time and at any convenient place.
Key advantages for Lessors:
• Possibility to accept the rental fee without leaving the office.
• Possibility to monitor payments in the real time mode.
• Possibility to notify in advance your Lessees about the payment date of the rental fee.
ELSOM is a convenient tool of control over payments enabling to save time of both the Lessor and the Lessees.
The Agent wallet of ELSOM is the source of additional income and enables to expand the range of the services provided to the clients.
ELSOM enables to accept electronic money for goods and services and to use it for service of the clients: top up the air of their phones, pay for utilities, pay to suppliers, and many others. In addition, the Agent will take definite payment from the clients for provision of these services. With this approach there is no necessity to withdraw electronic money as they can be always used.
ELSOM INVITES FOR COOPERATION
We are very grateful to our partners for cooperation and promotion of ELSOM!
You by your experience have shown that ELSOM is qualitatively satisfies the needs of both users and business.
For more information you may refer to the ELSOM customer support service by phone (+996 312) 986 000; 0900 – for Megacom subscribers
Tariffs and limits on the web-site of ELSOM: www.elsom.kg