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Kyrgyzstan

Top e-commerce industries

22.8%

Electronics

22.1%

Hobby & Leisure

18.3%

Fashion

Furniture & Homeware

Care Products

DIY

Grocery

Bishkek

Capital

6.2M

Population

+6

Time Zone (GMT)

KGS (C)

Currency

Kyrgystani Som

$8.9B

Transactions

value in 2028

12.7%

CAGR

of Digital Payments
during 2024-2028

Popularity of e-commerce payment methods

Bank Transfer

18%

Buy Now Pay Later

1%

Cash-in

41%

Credit Cards

1%

Debit Cards & Prepaid Cards

25%

E-wallet

16%

Mobile Money

16%

Others

1%

Extend your reach

ELQR is a national payment system in Kyrgyzstan that utilizes QR codes for secure and convenient financial transactions. Launched in May 2022, it allows users to send money from their online banking applications directly to any other bank or payment system within the country by scanning a QR code. This system has rapidly gained traction, becoming a central part of the digital transformation of financial services in Kyrgyzstan.

Method

ELQR

ELQR

LPM Market Share

n/a

Payments

Yes

Refunds

Yes - full & partial refunds (manual)

Type

Bank Transfer

Local Card Scheme

Users

n/a

Disbursements

No

No

Chargebacks

$25.00

$25.00

Authorization currency

KGS

Authorization
speed

instant

Recurring

No

No