Mastercard will create a hub in Almaty and promote Kazakhstani GovTech solutions

Kazakhstan's President Kassym-Jomart Tokayev met with Mastercard Executive Vice President Nicola Villa in New York. The meeting discussed prospects for cooperation in developing the financial sector, the IT industry, and improving the digital competencies of small and medium-sized businesses.

The President supported Mastercard's decision to select Almaty as a regional hub in the CIS, Central and Eastern Europe for the development of its consulting business. Here, Mastercard plans to develop business and human capital in the banking sector for the entire Central Asian region.

Nicola Villa announced the company's plans to promote Kazakhstani GovTech solutions abroad, particularly in developing and emerging markets. According to the Mastercard representative, Kazakhstan's experience in digitalization, e-government development, and the cashless economy is of active interest to other countries where the company operates.

Additionally, Mastercard plans to provide expert and technological support to the National Bank of Kazakhstan in the implementation of the "Digital Tenge," "Instant Payment System," and Open Banking projects.

All initiatives were outlined in the Digital Country Partnership framework agreement signed by the Ministry of Digital Development and Aerospace Industry of Kazakhstan and Mastercard.

Source: digitalbusiness.kz