RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of May 24, 2023 No. 2023-P-14/34-3-(PS)

About introduction of amendments to the resolution of Board of National Bank of the Kyrgyz Republic "About approval of Rules of carrying out payments and transfers with use of two-dimensional symbols of barcode (QR code)" of December 11, 2019 No. 2019-P-14/62-5-(PS)

For the purpose of increase in share of cashless payments and calculations in the Kyrgyz Republic, expansion and scope two-dimensional symbols of barcode (QR code) of trade and service companies for acceptance of payments for goods and services in non-cash form with use of mobile applications of banks and operators of payment systems / payment institutes, being guided by Articles 5, 9 and 64 constitutional Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:

1. Make changes to the resolution of Board of National Bank of the Kyrgyz Republic "About approval of Rules of carrying out payments and transfers with use of two-dimensional symbols of barcode (QR code)" (further - Rules) of December 11, 2019 (is applied) No. 2019-P-14/62-5-(PS).

2. To commercial banks, and also operators of payment systems / to payment institutes and their agents having mobile applications to recommend till November 1, 2024 and further on permanent basis to carry out full-scale installation of QR codes in trade and service companies (further - TSP) the Kyrgyz Republic:

1) With weekly surplus (in %) from total quantity of TSP with the minimum threshold value:

- from 1 to 500 TSP - 10%, but at least 7 TSP;

- from 501 to 1000 TSP - 7%, but at least 20 TSP;

- from 1001 to 2000 TSP - 5%, but at least 30 TSP;

- from 2001 and above - 3%, but at least 40 TSP.

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