The general partner of FinConference 2026, the Interbank Processing Center (IPC), also the operator of the "Elkart" national payment system, announced the launch of the ELPayKG system. The project implementation is scheduled for 2027.
Goals and objectives of the system
The new solution is designed to accelerate settlements and increase the accessibility of financial services for citizens and businesses. According to Altymys Turatbekov, Chairman of the Board of CJSC IPC, the development of digital services and cashless settlements aligns with the tasks set by the country's leadership and the National Bank of the Kyrgyz Republic.
"All these areas correspond to the tasks set by the country's leadership and the National Bank of the Kyrgyz Republic regarding the digitalization of the financial sector, the development of cashless settlements, and increasing the accessibility of financial services"
In addition to the launch of ELPayKG, financial market participants in Bishkek discussed cybersecurity issues, the use of artificial intelligence, and the implementation of interbank anti-fraud measures. These technologies are essential for creating a secure infrastructure that unites banks, payment organizations, and government agencies.
Context
The FinConference 2026 event took place in the capital of Kyrgyzstan. The National Bank of the Kyrgyz Republic, whose digitalization tasks were mentioned during the discussion, was founded in 1991.
