Kyrgyzstan has established a leading position in the development of QR-payment systems within Central Asia and on a global scale, though this rapid digital expansion has increased the…
Kyrgyzstan has established a leading position in the development of QR-payment systems within Central Asia and on a global scale, though this rapid digital expansion has increased the vulnerability of the banking sector to large-scale cyberattacks. Anvar Abdraev, President of the Union of Banks of Kyrgyzstan, highlighted this duality during the FinConference 2026, focusing on cybersecurity, anti-fraud measures, and artificial intelligence.
Speaking on Birinchi Radio, Abdraev noted that the domestic financial market, which was previously criticized for lagging behind regional peers-specifically Kazakh banks-has undergone a significant transformation. According to Abdraev, the ELQR system has now secured a prominent position, moving the country from a state of technological deficit to a leadership role in digital payments.
This is a source-linked briefing. Read the original report from Pravda .