The National Bank of Kazakhstan (hereinafter referred to as the NBK) and National payment corporation of Kazakhstan (NPCK) published the annual report “On the development of the National Digital Financial Infrastructure” (NDFI). The document summarizes the results of the NDFI’s work over the past year and defines strategic goals for the future.
The main areas of infrastructure development include:
In 2024, the key area of NDFI development was the creation of new elements of the payment infrastructure, as well as the development of the existing infrastructure to ensure secure and transparent interaction between market participants.
The launch of the Interbank Payment Card System, Open API and Anti-Fraud Center has strengthened financial inclusion (accessibility), increased the level of security and strengthened the sovereignty of domestic transactions.
Currently, the existing infrastructure of the NBK processes more than 350,000 transactions worth 5.9 trillion tenge per day and conducts more than 2.5 million digital identifications per month.
In addition, in 2024, as part of the second phase of the Digital Tenge project, new scenarios for using digital currency in government and programmable payments were tested, and the foundation was laid for full-scale implementation in the country’s economy.
The NDFI is a strategic project that contributes to the creation of a flexible, sustainable and competitive financial system, providing equal access for all market participants. It should be noted that the operator of the NDFI is the National Payment Corporation of the NBK.