Kazakhstan Officially Launches CBDC: Digital Tenge Revolutionizes Finance

Kazakhstan has officially stepped into the future of digital finance with the introduction of its central bank digital currency (CBDC), the digital tenge, on November 15th. This marks a significant milestone in the country's technological advancement and financial innovation.

According to the National Payment Corporation of Kazakhstan chair and National Bank of the Republic of Kazakhstan, the digital tenge promises to modernize payment systems, increase efficiency, and foster financial inclusion across the nation.

Zhalenov unveiled the official launch of the digital tenge on Kazakhstan’s retail market today, promising the “massive platform’s development” in 2025. Zhalenov today announced the official launch of Digital Tenge on the Kazakhstan retail market and promised to achieve large-scale platform development in 2025. Zhalenov said Kazakhstan is in the launch phase.

A key innovation is The first Central Bank Digital Currency card issued by Eurasian Bank and powered Mastercard was presented on the 30th anniversary of the Tenge, Kazakhstan’s national currency. This card represents a seamless integration of traditional banking with the digital world, offering users a convenient and secure way to transact using the digital tenge.

The launch of the digital tenge positions Kazakhstan as a leader in the adoption of CBDCs in Central Asia and beyond. Keep up-to-date with the digital tenge as it unfolds, and learn about the benefits for Kazakh citizens and businesses.