Kyrgyzstan has abolished commissions for transfers made through mobile applications and internet banking.
Author - Mansur Ismagulov
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Starting November 25, Kyrgyzstan will waive the commission fee for domestic transfers in Kyrgyz som via mobile banking applications, payment organizations, and internet banking until December 31, 2025. This rule applies to transfers between individuals, including cards of international systems, but does not cover transactions made through terminals.
Starting November 25, Kyrgyzstan will eliminate commissions for money transfers made through mobile banking applications, payment organizations, and internet banking.
The new rules will be in effect until December 31, 2025, and apply exclusively to domestic transfers in the national currency, the som. The ban on charging commissions does not extend to transactions made through payment terminals.
The commission waiver applies to all transfers between individuals, including transfers to bank cards issued by commercial banks in Kyrgyzstan that belong to international payment systems.
Source: economist.kg
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