In July 2026, the volume of money transfers from Kazakhstan abroad via international money transfer systems (IMTS) amounted to 56.4 billion tenge, while incoming transfers from abroad reached only 15.9 billion tenge. Thus, outbound transfers exceeded inbound ones by 3.5 times, with the difference reaching 40.4 billion tenge, reports infohub.kz.
Compared to the same period last year, the market has shrunk significantly. In July 2025, 70.4 billion tenge were sent abroad, indicating a decrease of 20% or 14.1 billion tenge year-on-year. The number of transactions fell by 9.6%, from 139,600 to 126,200. Incoming transfers dropped even more sharply: from 21.3 billion to 15.9 billion tenge, a 25.1% decline year-on-year. The number of such operations also decreased by about a quarter, from 51,500 to 38,600.
Uzbekistan remains the largest destination for outbound transfers, but the volume sent there fell by 32% year-on-year, from 29.9 billion to 20.4 billion tenge. Transfers to Russia amounted to 17.1 billion tenge, compared to 17.9 billion a year earlier, a decrease of only 4%. As a result, Russia's share in outbound transfers rose from 25.3% to 30.4%, while Uzbekistan's share fell from 42.5% to 36.1%.
The structure of inflows to Kazakhstan has also changed. In July 2025, Russia was the main source of transfers with 5.3 billion tenge, but a year later, inflows from there plummeted by 46% to 2.85 billion tenge. As a result, the United States took the lead with 2.95 billion tenge, although that was still 9% less than a year earlier.
The balance of power among transfer systems has also shifted significantly. Through Zolotaya Korona, 43.9 billion tenge were sent from Kazakhstan in July 2026, compared to 61.1 billion a year earlier, a 28% decrease. Its share fell from 86.7% to 77.9%. Meanwhile, transfers via Western Union grew by more than half, from 6.5 billion to nearly 10 billion tenge, increasing its share from 9.3% to 17.7%.