.avif)
Kyrgyzstan
.avif)
during 2025-2028
Popularity of e-commerce payment methods
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.
speed
Reasons for Popularity
Government Support and Infrastructure Development: The Kyrgyz government, alongside the Interbank Processing Center (MPC), has actively promoted the adoption of cashless payment systems as part of broader economic modernization efforts
Support from Financial Institutions: A wide range of banks and payment services support ELQR, enhancing its usability across different platforms
Technological Integration: ELQR's foundation on QR code technology simplifies transactions, allowing users to complete payments in just a few step
