An institution that supports money transfers is required to obtain a PSP license in Kazakhstan. Credit cards, debit cards, cash cards, e-wallets, banking transfers, and many other options are permitted to be provided by an institution when granted a permit….
Bank formation in Kazakhstan Bank formation in Kazakhstan has a two-tiered banking system. The first tier is comprised of the National Bank of Kazakhstan (NBK), which reports to the president. The second tier includes 28 commercial banks, including one state-owned…
An EMI License allows a business to issue electronic money in exchange for fiat currency. This electronic money can be taken for farther transactions. A known example of electronic money is prepaid cards where value can be loaded and used…