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Kyrgyzstan

Kyrgystani Som (KGS)

Kyrgystani Som (KGS)

Efforts are underway to improve digital banking in Kyrgyzstan. Interest in FinTech solutions is increasing, particularly among the younger population. MBank, a mobile banking service, offers a variety of financial services through mobile applications. Additionally, Kyrgyzstan has a national payment system, Elcart, which is managed by the Interbank Processing Center of Kyrgyzstan (IPC).

Kyrgystan Flag

Population

6,974,900

Banked Population:

42%

Group 427321246

Main industries

Agriculture, Fishing, Forestry, Mining, and Manufacturing

Group 427321247

Main imports

 Non-Knit Women’s Coats, Non-Knit Women’s Suits, Non-Knit Men’s Suits, Rubber Footwear, and Refined Petroleum

Group 427321248

Main exports

Refined Petroleum, Gold, Precious Metal Ore, Dried Legumes, and Scrap Copper

GDP stats

$1,655.1

per capita (USD)

6.3%

Growth annually

141

World ranking

Internet usage

78%

Smartphone usage

48%

Credit / Debit card usage

20%

Online banking usage

20%

Group 427321245 1

Total volume of digital payments projected to reach

$5,537.00M (USD)

Payment Methods in Kyrgyzstan

All
  • All Methods
  • Wire Transfer

Elcart

Wire Transfer

MBank

Wire Transfer

MBank Mobile Transfer

Wire Transfer

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