Mastercard and Kazakhstan: Partnership in the digital economy and GovTech solutions

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The Head of State received Nicola Villa, Executive Vice President of Mastercard, DKNews.kz reports.

At the meeting, cooperation in developing the financial sector, IT industry, and enhancing digital competence of small and medium-sized businesses were discussed.

The President endorsed Mastercard's decision to choose Almaty as a regional center in the CIS, Central and Eastern Europe, to develop its consulting business. Here, one of the world leaders in innovative payment technologies plans to develop business and human capital in the banking sector for the entire Central Asian region.

Nicola Villa shared the company's goals of promoting Kazakhstan's GovTech solutions abroad, especially in developing and emerging markets. According to Mastercard representative, Kazakhstan's experience in digitalization, development of e-government and cashless economy is actively interested in other countries where the company operates.

The President was also informed that Mastercard's Inclusive Growth Fund is launching the Strive programme in Kazakhstan to digitize businesses and help more than 300,000 SMEs improve their competencies.

Furthermore, expert and technological assistance is being provided in collaboration with the National Bank of Kazakhstan to implement the "Digital Tenge", "Instant Payment System", and Open Banking projects.

These and other initiatives were reflected in the Digital Country Partnership (DCP) Framework Agreement signed between the Ministry of Digital Development, Innovations and Aerospace Industry of Kazakhstan and Mastercard during the President's working visit to New York.

Mastercard is a leading global technology company that unites over 2.3 billion account holders in 210 countries in a single payment system. The company has a market capitalization of over $390 billion and is among the top 10 most valuable brands in the world.

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