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No Open Banking

A landlocked country in Central Asia.

Internet penetration here is 51%. 

The Digital CASA-KR project was started in 2018 to improve internet access but was stalled in 2021. Experts cite a lack of data protection laws as an issue that needs to be addressed

There are a few ways for the implementation of Open Banking. While nothing has been adopted at the legislative level, some Kyrgyz banks participated in the information exchange project and tried to exchange cross-border data and data according to the Evrazes standards.

Kyrgyzstan has a two-tier banking system in which the first level of the system is represented by the National Bank of the Kyrgyz Republic, and the second by the commercial banks.