BAKU, Azerbaijan, December 27. Visa will continue to be the leader in non-cash payments in Kazakhstan, Vice President, Regional Manager Central Asia and Azerbaijan at Visa Cristina Doros told Trend.
"In Central Asia, and particularly in Kazakhstan, we are witnessing a surge in the growth of non-cash payments of all types and forms. This is attributable to the financial sector's excellent quality and quick development. We collaborate with the majority of the country's banks to introduce innovative solutions and technology that make payments even more convenient, fast, and secure," she said.
According to Cristina Doros, Kazakhstan is open to innovations in the development of financial technologies. The country's banks are ready to introduce payment innovations, and the population is open to innovations and quickly begins to use such services.
"I'd also like to highlight Kazakhstan's excellent level of professionals. For many years, the Visa representative office has been in the country. For many years, the corporation has employed Kazakhstanis who are accountable not only for Kazakhstan or the countries of Central Asia, but also for a broad region of Central and Eastern Europe, the Middle East, and Africa. And the number of Kazakh specialists contributing to the development of this vast territory grows by the year. This is also why we will stay the market leader," Cristina Doros noted.
Meanwhile, the number of Visa International payment cards in circulation in Kazakhstan amounted to 37.4 million at the beginning of November 2023. The number of cards has increased by 5.145 million from the beginning of November 2022 (32.247 million).
In addition, the use of Visa International cards has increased. Until November 1, some 18.97 million Visa cards were used in Kazakhstan (15.757 million at the beginning of November 2022).
