Payments/KG
Kyrgyzstan
ISO KG · 3 schemes
Summary
- ELQR is the first integrated QR system in Central Asia (May 2022)
- 67,000+ QR codes installed nationwide
- 121 million transactions worth 182.4 billion KGS
- 16+ banks/PSPs participating
- Zero fees for domestic transfers
Banking landscape
Central Bank
- Name: National Bank of the Kyrgyz Republic (NBKR)
- Website: https://www.nbkr.kg/
- Role: Monetary policy, payment systems oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | RSK Bank | Commercial | RSK24 |
| 2 | Bakai Bank | Private | Bakai App |
| 3 | Optima Bank | Private | Optima App |
| 4 | Demir Bank | Private | DemirBank App |
| 5 | KICB | Private | KICB App |
Market Structure
- ELQR: Integrated QR system operator
- ELSOM: Leading mobile wallet
- Elcard: National card system
- 16+ participants: Banks and PSPs
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| ELQR | Elcard | QR Payment | Active (2022) |
| ELSOM | FINCA | Mobile wallet | Active |
| Elcard | NBKR | Card network | Active |
ELQR Statistics (April 2025)
- 67,000+ QR codes installed
- 121 million transactions
- 182.4 billion KGS value
- First in Central Asia
ELQR Features
- Zero fees for transfers
- Som currency only
- Instant settlement
- Interbank interoperability
QR code standards
ELQR
| Attribute | Value |
|---|---|
| Launch | May 2022 |
| Region First | Central Asia |
| QR Codes | 67,000+ |
| Transactions | 121 million |
ELQR Features
- Open bank app
- Select ELQR option
- Scan recipient QR code
- Confirm instant payment
ELQR Participating Banks/PSPs
- Elcard
- Mbank
- RSK24
- DemirBank
- ElSom
- Bakai Bank
- NambaOne
- Kompanion
- Halyk Bank
- Ayl Bank
- Finca Bank
- O!Dengi
- Balance
- KKB
- KSB
- MegaPay
Key Advantages
- No fees for domestic transfers
- Single QR for multiple banks
- Real-time settlement
- National currency (KGS) only
Mobile payment apps
| App | Provider | ELQR | Features |
|---|---|---|---|
| ELSOM | FINCA | Yes | Mobile wallet |
| O!Dengi | O! Telecom | Yes | Wallet |
| Mbank | Mbank | Yes | Mobile banking |
| RSK24 | RSK Bank | Yes | Banking |
| ELDIK | RSK Bank | Yes | Mobile banking |
ELSOM Wallet
- FINCA operated
- Mobile payments
- Bill payments
- Money transfers
- Interoperable with O!Dengi
O!Dengi
- Telecom wallet
- Top-up from ELSOM
- QR payments
- Cross-wallet transfers
ELDIK Mobile Banking
- RSK Bank app
- ELQR integration
- Full banking services
- QR payments
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| ELQR | Integrated QR | Elcard | 67K+ QRs | elqr |
| ELSOM | Mobile wallet | FINCA | Active | — |
| Elcard | Card network | National | Universal | — |
Sources
- ELQR Official
- O!Dengi - ELSOM Top-up
- 8B World - Kyrgyzstan Payments
- 8B World - ELQR
- FINCA - ELSOM
- CartDNA - Shopify ELQR
- Wikipedia - QR Code Payment
- RSK Bank - ELDIK
- PayCEC - Google Pay Kyrgyzstan
- KICB - ELCARD NFC
Full country report
Schemes
Standards
Primary · 1
Mentioned · 2