What is Behind the Explosive Growth of ELQR Payments in Kyrgyzstan? The Head of the National Bank Discusses the Situation with Cashless Transactions
With the transition to cashless payments in Kyrgyzstan, a significant effect is being observed. Since the launch of ELQR, the number of transactions has increased by 54.6%, and the amount of payments has risen nearly 85 times! In the first half of 2025, 274.9 billion soms were processed through the QR system — this is almost 20 times more than in the same period of 2024. This was reported by the Chairman of the National Bank of Kyrgyzstan, Melis Turgunbaev: Meanwhile, there is a decrease in