Binance plans to create a payment institution in KazakhstanBinance plans to create a payment institution in Kazakhstan...

⚡️Binance plans to create a payment organization in Kazakhstan Binance plans to create a first category payment organization in Kazakhstan, which will serve not only the local market, but also the CIS countries and Eastern Europe. This was announced by Deputy Chairman of the National Bank Binur Zhalenov at the Central Asia FinTech Summit. The new license will give payment organizations more opportunities. They will be able to independently issue payment cards without the participation of a bank, serve legal entities, conduct cross-border payments and launch new payment services. Last week, the National Bank and Binance signed a corresponding memorandum. According to Zhalenov, part of the company’s global business is planned to be served from Kazakhstan. The issuance of first category licenses is planned to begin on October 21. 13 organizations have already shown interest in them, including international fintech companies, telecom operators and existing payment organizations.#news#Binance 📷 BlueScreen | Digital Kazakhstan