As reported by the bank, the new service allows customers to send funds to bank accounts in the United States, the United Kingdom, South Korea, and the Single Euro Payments Area (SEPA) countries.
Transfers to the US, UK, and South Korea are made in US dollars, while transfers to SEPA countries are in euros. Recipients receive funds in their local currency.
Funds can be debited from any MBANK account opened in Kyrgyz som, US dollars, euros, or Russian rubles. Conversion to the transfer currency is performed automatically at the bank's exchange rate.
The bank noted that before confirming a transaction, customers are shown the debit amount, exchange rate, transfer fee, and the amount the recipient will receive.