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.avif)
Kyrgyzstan
.avif)
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 2025-2028
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.
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
Authorization currency
KGS
Authorization
speed
speed
instant
Recurring
No
No