Kyrgyz citizens purchased nearly 27,000 government bonds via their smartphones

Since the launch of the MegaPay KRFM Mega Investments service, users have purchased 26,836 government treasury bills worth 2,388,248 KGS. The project became one of the first solutions in the country that allows users to invest in government securities directly from their smartphones without visiting financial institutions.

The service started with treasury bills as one of the most reliable investment instruments. They are backed by the state, and the yield is known in advance. Over the entire period of operation, only 52 bills worth 4,670 KGS were sold through MegaPay. 

Last year, investors received five income payments totaling 2 million 678.4 KGS. All payments were automatically credited to users' bank cards.

It is specified that regulatory changes contributed to the development of the project. In particular, the National Bank lifted restrictions on one-time and monthly purchases of government securities, expanding the population's access to investments.

The service is currently temporarily suspended — the technical infrastructure is being updated and interaction between the exchange and the depository is being improved. MegaPay, in collaboration with the Kyrgyz Stock Exchange, is preparing an updated investment platform.

The launch of the new version of the service is scheduled for the second half of the year. It is expected that, in addition to government treasury bills, securities of commercial companies will become available to users.