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Today, people travelling around the region pay by card or in cash. If the national QR platforms of the five countries reach an agreement, then, roughly speaking, a Kazakhstani customer will be able to pay for a purchase in Tashkent by QR from their own bank’s app.
Oleg KachalinCo-founder, CEO in Uzbekistan
Central banks of five countries agree to work out integration of QR payment systems
Technically, this is a major migration: from January 25, 2027, person-to-person transfers will go through the central bank’s switch rather than foreign processors. Banks connect to settlement directly, payment institutions through a servicing bank.
Oleg SolabaevCTO
Uzbekistan to launch unified payment infrastructure for person-to-person transfers
News is curated by Fintechstan, a media outlet on Central Asian fintech. Each headline links to the full story there.