ASTANA, Kazakhstan, April 13. By 2025, the National Bank of Kazakhstan intends to implement a national unified QR code system for all the country's banks, chairman of the bank, Timur Suleimenov, told journalists, Trend reports.
Suleimenov underlined that research in this area is currently
ongoing. The system's goal is to develop a single, interoperable QR
code that all banks will accept. As a result, customers will be
able to make payments in stores regardless of which bank provided
the QR code.
Earlier, the head of the National Bank emphasized the importance of
reducing payment market monopolies. He emphasized that the
country's two major banks have a sizable market share, and the new
system will make the payment process more transparent and
convenient for all players.
According to him, the system's pilot deployment will take place at
the end of this year, with the complete introduction of the uniform
QR code for all banks anticipated for 2025.