Digital tenge was launched through the first transaction in the country at the XI Congress of Financiers held on Wednesday. Kazakh media reported.
«This year, today, together with you, we will launch the digital tenge into retail circulation. Next year we look forward to large-scale development of the platform together with our partners and financial market participants. By 2025, we predict the connection of all market participants to our platform and the beginning of the use of the digital tenge as a means of cross-border settlements,» Binur Zhalenov, Chairman of the National Payment Corporation of the National Bank of Kazakhstan, said.
He also told that more and more innovative services would appear next year. A big focus will be on offline payments. The project became possible thanks to close coordination and collaboration with global payment systems and Kazakh banks.
«We have built a technology that combines existing payment cards with the digital tenge platform. This allows to pay in digital tenge anywhere in the world, wherever you are, using ApplePay, SamsungPay and other devices,» Binur Zhalenov concluded.
