Since the July 19 launch of Kazakhstan’s unified interbank QR code system, it has processed 20 million transactions worth more than 400 billion tenge, National Bank Chairman Timur Suleimenov said at the Central Asia Fintech Summit in Almaty.
According to him, the universal QR code already accounts for 25% of the payments market. The system allows customers to pay through any bank’s app and enables merchants to accept payments through a single POS terminal without installing extra hardware. The largest players in the Kazakh market have already joined the system.
