ASTANA, Kazakhstan, September 15. The National Bank of Kazakhstan has created the National Payment Corporation (NPC) by reorganizing the "Kazakhstan Interbank Settlement Center" (KISC), Trend reports.
Corresponding changes were made to the position and structure of the National Bank, as well as the composition of the National Bank's subsidiaries. The creation of NPC was approved by the Resolution of the Board of Directors of the National Bank.
The National Payment Corporation will ensure the uninterrupted functioning and development of the national payment system on the principle of equal accessibility for all market participants.
NPC is the legal successor of KISC and continues to ensure the availability of services for payment market participants, including providing services for interbank clearing, interbank payments and money transfers, as well as remote digital identification.
The functions and tasks of the NPC also include the further development of the digital financial infrastructure, including through the implementation of the Digital Tenge and Open Banking projects.
"The reorganization of KISC into the National Payment Corporation will further improve the efficiency, security and reliability of the country's payment infrastructure, as well as accelerate the pace of introduction of innovative products and digitalization of the financial sector," the bank said.