Majilis adopted bill on payments and pay systems

Majilis has passed a bill "On payments and payment systems" in the second reading.
Nur-Sultan23 June , 11:28

The draft law was developed in the framework of the President’s Address ".

The purpose of the law is to consolidate the legal provisions on the organization and functioning of payment systems, regulation of the market of payment services in accordance with international standards.

Meanwhile, the draft law regarding the functioning of payment systems provided the concept of "payment system", the basic principles of organization and procedure of functioning of payment systems.

Also, the draft law set criteria the significance of payment systems, the requirements for operators of systemically important payment systems, rules on the finality (warranty settlement) payments in payment systems, compliance with international principles.

Indira Kaumetova