Payment systems of Central Asia

Payment systems are the infrastructure layer on which cards, transfers and QR rest: national card schemes, interbank processing, instant-payment systems and the rules by which money moves between banks. In Central Asia and Azerbaijan most countries have their own national card scheme, and on top of it instant transfers, QR payment and cross-border corridors develop. This topic ties news about payment infrastructure from different countries into one stable frame.

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Why it is a separate topic

Payment infrastructure determines how cheaply and quickly money moves. It affects the cost of accepting payments, the speed of transfers and who controls the market's key rails.

What the layer consists of

National card schemes and interbank processing, instant-payment systems, QR standards, acquiring and the rules of settlement between banks. On top of this run apps, wallets and merchant services.

What matters to track

The launch and development of instant-payment systems, QR interoperability, fees, access to the infrastructure for non-bank players and cross-border links between countries.

Where to start

The hub ties news about payment infrastructure from different countries so that individual launches read as part of a shared regional picture.