Legal basis: № 2069290126
Card-to-Card
Technological handling of a transfer between bank cards through the connected payment infrastructure.
The user initiates a transfer in the partner interface. MONTRA receives the information about the transaction, validates it, determines an available route and passes it to the payment infrastructure, which carries the transaction out. The partner receives the final status.
Roles in this chain are strictly separated. MONTRA does not open accounts, does not hold user funds and does not transfer money on its own account: debiting the sender and crediting the recipient are performed by the issuing bank and the settlement participant in their own jurisdiction.
The legal basis is the payment system operator licence: receiving, processing and issuing financial information on payments and settlements of third parties. It is information, not funds, that passes through the MONTRA perimeter.
Legal basis: the licence wording
provision of services for receiving, processing and issuing financial information (processing, clearing) on payments and settlements of third parties to participants of the payment system of this processing and clearing centre
№ 2069290126 · ВА 00121 · 29 January 2026 · National Bank of the Kyrgyz Republic · Quoted verbatim from the licence form.
MONTRA is not a bank; it does not take deposits and does not issue electronic money.
Other products on the same basis
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