Kyrgyzstan has experienced a tenfold increase in QR code payments, reaching 908.6 billion soms (approximately $10.5 billion USD) according to the National Bank Chairman, Almaz Baketaev. This significant growth was reported during the bank’s annual report presentation to the Jogorku Kenesh, the country’s parliament. The substantial rise indicates a rapid adoption of digital payment methods within the Kyrgyz economy. Baketaev’s report detailed the performance of the National Bank for the year 2025. No specific reasons for the surge were immediately detailed in the report, but the figure highlights a clear shift towards cashless transactions. This trend suggests increasing financial inclusion and modernization of the payment infrastructure in Kyrgyzstan. Further details regarding the factors driving this growth are expected to be released in a full report.
