Kazakhstan controls about 75% of Kyrgyzstan's electronic money market

Елена Краснова Economy
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Kazakhstan controls about 75% of Kyrgyzstan's electronic money market

The largest number of companies is registered in Almaty


Kazakhstan holds a dominant position in the market of international electronic payment systems in Kyrgyzstan.

Out of the 12 systems registered with the National Bank of Kyrgyzstan, 9 are operated by Kazakhstani operators, which accounts for about 75% of the total market volume.

This list includes companies such as Wallet One, Innopay, WebMoney Kazakhstan, One Click, Interpay, Cashello.kz, Yurta, OneVision, and MaxPay.

Almost all of them are registered in Almaty.

The registry also includes the Russian system "Golden Crown" and two fintech companies from Canada.

At the same time, there are no international electronic systems registered in Kyrgyzstan in the registry.

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