BAKU, Azerbaijan, February 5. The National Bank of Kazakhstan is actively working on the introduction of digital currency (digital tenge), Vice President and Regional Manager of Visa in Central Asia and Azerbaijan Cristina Doros told Trend.
"In partnership with the National Bank of Kazakhstan, the National Payment Corporation, and three leading banks in the country, we have issued the world's first Visa cards linked to the digital tenge. There are cash and non-cash payments, and now there is a third form of currency called CBDC (Central Bank Digital Currency). The world's first CBDC-linked card was introduced by us in Kazakhstan," she explained.
According to Doros, Visa actively collaborates with various stakeholders in the market, including trade and service enterprises, fintech companies, and regulators.
"Partnership with all market participants, based on innovation and technology, enables us to ease the lives of people who use payment services on a regular basis, giving them more financial options. This contributes to enhancing prosperity since the capacity to use financial instruments allows for more effective administration of small firms, boosts family income, and supports general economic development," she added.
Visa is a global leader in payment technology, providing innovative solutions for secure and convenient financial transactions. The company constantly strives to improve its products and services to meet modern requirements and user expectations.
Visa's worldwide payments network facilitates the secure and efficient transmission of transactions around the world, providing unique opportunities for businesses and consumers. The Visa system is an important link in the development of the digital economy, fostering innovation while maintaining a high level of security in the field of electronic payments.