BISHKEK, Kyrgyzstan, March 30. Kyrgyzstan has
emerged as a leader in the banking sector within the Eurasian
Economic Union (EAEU) for its achievements in intersystem
integration and the provision of payment and money transfer
services via QR codes, Trend reports.
According to the National Bank of Kyrgyzstan, this pivotal
achievement comes on the heels of the successful implementation of
the national QR code interoperability framework, designed to
establish a cohesive payment ecosystem for end-users.
Since the launch of the unified payment space using QR codes in
May 2022, the country has made remarkable progress. Thus, a total
of 60,100 QR codes have been installed at trade and service
enterprises across Kyrgyzstan as of March 1, 2025. In total, 99.7
million payments have been processed through the operator’s
interaction system, amounting to 141.2 billion soms ($1.6 billion).
Of this, 6.4 million payments for government services have been
conducted, totaling 4.4 billion soms ($50.8 million).
In December 2022, the National Bank of Kyrgyzstan, in
collaboration with banks, payment organizations, and mobile app
operators in the country, successfully concluded the intersystem
integration of payment systems using QR codes based on the national
standard. This was a critical step towards the widespread adoption
of QR code payments across the country.
As part of efforts to promote the use of QR codes and expand
their accessibility, the National Bank, together with the
Antimonopoly Regulation Service at the Ministry of Economy and
Commerce and the State Tax Service at the Ministry of Finance, has
been actively conducting monitoring of trade and service
enterprises across Kyrgyzstan to ensure the installation of QR
codes for accepting non-cash payments via any mobile banking
app.
