Alfa-Bank has launched Alfa Network, a Russian-language marketplace platform, in Russia, Kazakhstan and Belarus. Alfa Network allows users to post and find offers for trade transactions, buy and sell assets …

UzCard has announced the launch of instant money transfers from Qiwi and CONTACT. The transfer is currently only available in one direction (i.e. from Qiwi/CONTACT to UzCard); however, UzCard plans …

With people spending an increasing amount of time in digital space and starting to use electronic money more often, the relationship between financial institutions and their customers is changing. Traditionally, …

Since June, payment terminals have fulfilled the conditions of the National Bank of Tajikistan and can once again be used to replenish e-wallets. The main condition of the National Bank …

According to the new ‘Cryptocurrencies and Blockchain: Europe and Central Asia Economic Update’ World Bank report, Georgia experienced a 5.0% growth in digital technology in 2017 and is projected to …

Eurasian Bank has launched the Eurasian Pay digital wallet, allowing users of MasterCard cards in Kazakhstan to be able to pay for purchases using an android mobile device. In order …

The Central Bank of Uzbekistan has proposed legislative amendments that, for the first time, provide a legal definition for what constitutes a “digital bank”. The proposed amendments would define a …

The functionality of Bank Home Credit’s ‘Credit Assistant’ mobile app has been integrated into their new mobile app, known as ‘Home Credit Bank of Kazakhstan’. This new app, which has …

The National Bank of Kazakhstan is working on a system of remote customer identification that will allow customers of financial institution to access banking services online. This would include such …

The National Bank of Kazakhstan has developed a number of amendments that will regulate online lending. Specifically, the amendments will: Require loans be issued only in the national currency Establish …

Payme users can now receive online loans of up to UZS 1 million. The application now allows users to request a loan within the application. Once the request is sent, …

Online microlending in Kazakhstan has been steadily growing in the past few years. In 2015, it amounted to KZT 2.5 billion. In 2016, this figure rose to KZT 8.9 billion, …

The government of Georgia is working to find a proper balance between regulating online loans and allowing online lenders the flexibility they need to meet consumer demands. Economic Minister Dimitri …

Evocabank has launched a new online lending service through its mobile application. SingleTouch loans, available to customers 24 hours a day/7 days a week, are given in local currency at …

The National Bank of Kazakhstan is preparing the largest reform in ten years, which will greatly impact online lenders. Currently, the online microloan market in Kazakhstan is almost not regulated …

Georgian Finance Minister Mamuka Bakhtadze has announced changes designed to encourage small- and medium-sized enterprises (SMEs) in the country. As part of this effort, the Finance Minister specifically noted that …

Payme has announced that Visa, MasterCard and Mir card holders can now transfer funds to Uzcard, with funds being automatically converted into the local currency. To receive a transfer, the …

The National Bank of Tajikistan has issued three-year licenses to several international (Visa International, MasterCard, UnionPay and Western Union) and one national (Corti Milli) payment system operators. A license gives …

Chocofamily has launched a new mobile application called Rahmet. The application allows users to pay bills from their phone and receive up to 20% in cashback and other discounts. The …

Uniteller and Optima Bank have joined forces to launch a new online payment service, meaning that a number of additional services may now be paid online using Visa bankcards. This …