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President Kassym-Jomart Tokayev has voiced strong concerns regarding the slow adoption of digital financial infrastructure by major banks in Kazakhstan. During a working meeting on the "Digital Kazakhstan" project, the President highlighted that while all banks are mandated to connect to an infrastructure supporting interbank QR payments, transfers, and digital tenge settlements, some of the largest institutions are deliberately delaying compliance.

The Importance of Digital Financial Infrastructure

President Tokayev emphasized that this digital infrastructure is crucial for reducing costs by streamlining the payment intermediary chain. This initiative aims to make banking services more accessible and user-friendly for citizens, representing a significant step towards modernizing the financial sector.

Support for IT Business and Artificial Intelligence

The President also underscored the need to prioritize the development of domestic IT businesses. He noted the positive entrepreneurial environment fostered at Astana Hub, with export volumes nearing one billion dollars. Tokayev believes that state support should be directed towards projects focused on creating intellectual property and targeting export markets.

Furthermore, significant attention was given to integrating artificial intelligence (AI) technologies into industries and enhancing digital payment infrastructure. Tokayev stressed that the widespread application of AI in the real economy is vital for the nation's technological sovereignty and economic growth.

Developing National Computing Infrastructure

The meeting also addressed the necessity of developing national computing infrastructure. This development is seen as key to boosting Kazakhstan's digital competitiveness on the global stage.