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This publication retains its 2024 text. Legislative changes after the publication date are not reflected in it.
Resolution No. 129 of the Board of the National Bank of Kazakhstan, Establishing the Minimum Charter Capital of a Payment Organisation, was adopted on 27 October 2020 and entered into force on 1 July 2021.
The Resolution regulates and establishes charter capital requirements for payment organisations in Kazakhstan to support their financial resilience and reliability and protect clients' interests.
The main purpose of Resolution No. 129 is to ensure that a payment organisation's minimum charter capital is sufficient to meet its obligations to clients and maintain financial system stability. Regulatory requirements prescribe charter capital amounts that payment organisations must comply with at registration and throughout their operations.
Resolution No. 10 of the Board of the National Bank of Kazakhstan dated 19.02.2024 introduced changes to minimum charter capital requirements for payment organisations, effective from 1 July 2024. It established the following minimum amounts:
- 150 000 000 (one hundred and fifty million) tenge to provide one of the payment services listed in subparagraphs 3), 7), 8) and 9) of paragraph 1 of Article 12 of the Law of the Republic of Kazakhstan on Payments and Payment Systems dated 26 July 2016;
- where a payment organisation provides more than 1 (one) of the payment services listed in subparagraphs 3), 7), 8) and 9) of paragraph 1 of Article 12of the Law of the Republic of Kazakhstan on Payments and Payment Systems dated 26 July 2016, its charter capital, contributed in cash, increases by 50 000 000 (fifty million) tenge for each additional payment service.