After the NBKR registry was purged, Canadian e-money issuers found themselves in the majority

Since the beginning of 2026, the National Bank of Kyrgyzstan has revoked the registration of nine operators of international electronic money systems. Only three entities remain on the registry published on October 19. According to the regulator, the five companies that were removed were not operating in the country.

Back in December of last year, the list looked different. As “Akchabar” reported, 12 systems were registered in the country, nine of which were represented by Kazakhstani companies. It is important to note that this refers specifically to registration status, not to active business operations.

Thus, for five operators, the reason for the revocation of their registration was precisely their lack of activity in Kyrgyzstan. These were the companies representing the One Click, MaxPay, Yurta, Interpay, and Cashello.kz systems.

Three other operators—WebMoney Kazakhstan, Cabbagino Payments, and “Zolotoy Korona”—were removed at their own request. In the case of Innopay, the reason was the revocation of its registration in its country of origin. Seven of the nine companies are registered in Kazakhstan.

Now the geographic composition of the list has changed. Kazakhstan is represented only by Wallet One, operated by “W1 Kazakhstan” LLP. The other two participants—KOLO and AIO—are represented by the Canadian companies KOLO Financial Services LTD and ALL IN ONE FINANCE INC.