Of this volume, 165 million transactions were made by legal entities, with a total amount of 159.2 billion soms, which also indicates growth of 5 and 6 times compared to the previous year.
It should be noted that in 2019, a national standard was developed in Kyrgyzstan to ensure the integration of banking and payment systems, allowing payments and transfers using QR codes. This standard enables transactions through bank accounts, cards, electronic money, and mobile applications. Since its implementation, which was completed on December 31, 2022, all participants in the payment systems have successfully connected to the ELQR system.
The National Bank emphasized that thanks to a unified approach to the architecture of payment systems, residents of Kyrgyzstan can make interbank and intersystem transfers via QR code from any bank's mobile application. Kyrgyzstan has become the only country in Central Asia to provide such integration through a national QR code standard, with 20 commercial banks and 14 payment organizations connected to the ELQR system. This achievement distinguishes Kyrgyzstan among the countries of Central Asia and the EAEU.
It is also worth noting that starting from January 1, 2026, a fine has been introduced for the use of personal QR codes in business, which has led to dissatisfaction among entrepreneurs. As a result, the tax service has suspended raids and inspections of small and medium-sized businesses until the end of 2026, including checks related to QR codes.
Furthermore, citizens reported blockages of their accounts in commercial banks. The National Bank has also responded to these cases.
The National Bank noted that the QR code serves as a tool for accessing bank accounts and electronic wallets. Transfer amount limits may be set by banks based on client risk assessments, as well as within the framework of internal control and payment system rules. The bank has the right to require clients to provide supporting documents to ensure the legality and economic feasibility of transactions.
