The National Bank of Kyrgyzstan discussed the development of cross-border payments at an international forum

On 15 October, Sanjar Abdygaziev, a member of the Board of the National Bank of Kyrgyzstan, took part in an international discussion on the development of cross-border payments, which took place in Bangkok as part of the GFTN Select Thailand event.

Participants discussed reducing the cost and increasing the speed of international transfers, ensuring their transparency and accessibility, as well as the integration of national payment systems.

Sanzhar Abdygaziev presented Kyrgyzstan’s experience in developing digital payment infrastructure, including the national QR code system ELQR, the international integration of payment services and the introduction of the Fast Payment System.

Particular attention was paid to the implementation of the G20 roadmap, expanding access to payment services, fostering competition, and international cooperation between regulators whilst ensuring financial stability and protecting consumer rights.

The discussion took place on the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group.