pc
nid 93372
Jun 19, 2026
rghosh@vixio.com
Kyrgyzstan
National Bank of the Kyrgyz Republic (NBKR)
horizon scanning
63% of draft length
draft in Generated
Generated
1513 charsKyrgyzstan's National Bank Revokes Payment Service Licenses from Mobile Wallet Company
On June 19, 2026, the National Bank of the Kyrgyz Republic (NBKR) revoked two payment service licenses held by Mobile Wallet Limited Liability Company following violations of Kyrgyzstan's laws. The Oversight Committee of the NBKR issued the decision on June 16, 2026, effective immediately.
The revoked licenses were originally issued on May 29, 2015. License No. 3003290515 authorised the company to provide payment system services for receiving and transmitting payments and settlements for third parties through information technology and electronic means. License No. 2004290515 authorised the company to provide financial information services related to third-party payments and settlements, including processing, clearing, and related services to payment system participants.
The NBKR determined that Mobile Wallet Limited Liability Company had breached Kyrgyzstan's legal requirements, necessitating the license revocation. This action removes the company's authorisation to operate as a payment service provider in the country's financial system. The revocation affects the company's ability to conduct payment processing, clearing, and related financial services operations.
The NBKR's Oversight Committee maintains supervisory authority over payment service providers and enforces compliance with regulatory standards. This enforcement action reflects the NBKR's commitment to maintaining the integrity of Kyrgyzstan's payment systems and protecting the financial sector from non-compliant operators.
Agent draft
Not run yet.
Published
958 charsNational Bank of Kyrgyzstan Revokes Payment Service Licenses of Mobile Wallet Company
On June 19, 2026, the National Bank of the Kyrgyz Republic (NBKR) revoked two payment service licenses held by Mobile Wallet Limited Liability Company following violations of Kyrgyzstan's laws.
The revoked licenses were originally issued on May 29, 2015. License No. 3003290515 authorised the company to provide payment system services for receiving and transmitting payments and settlements for third parties through information technology and electronic means. License No. 2004290515 authorised the company to provide financial information services related to third-party payments and settlements, including processing, clearing, and related services to payment system participants. The NBKR determined that Mobile Wallet Limited Liability Company had breached Kyrgyzstan's legal requirements, necessitating the license revocation. This action removes the company's authorisation to operate as a payment service provider in the country's financial system.