QR payments in Kazakhstan
Pay IPS (МСМП) QR codes in Kazakhstan with USDT
Scan any IPS (МСМП) code and pay from your stablecoin wallet. A local payer settles the bill in Kazakhstani tenge, and the merchant sees a normal IPS (МСМП) payment — no Kazakh bank account, card or cash.
Bayterek, Astana. Photo: Matti Blume, CC BY-SA 4.0, via Wikimedia Commons
- QR network
- Interbank Instant Payment System (МСМП)
- Operated by
- National Bank of Kazakhstan, operated by the National Payment Corporation
- Merchant receives
- Kazakhstani tenge (KZT)
- You pay with
- USDT on Polygon
How it works
How to pay a IPS (МСМП) QR code in Kazakhstan
- 01
Scan the IPS (МСМП) code
Open QRiks in your phone's browser and scan the merchant's QR. The amount in KZT comes from the code or you type it in.
- 02
Check the quote
See the amount in Kazakhstani tenge and your USDT total, with the rate, fee and network cost listed.
- 03
A payer in Kazakhstan pays it
A vetted local payer pays the code from their Kazakh account through IPS (МСМП). Your USDT waits in escrow.
- 04
Confirmed, then settled
An independent validator in Kazakhstan confirms the merchant was paid in Kazakhstani tenge. Then the escrow is released.
The network
About IPS (МСМП)
In Kazakhstan, QR codes are paid through Interbank Instant Payment System (МСМП), operated by the National Bank of Kazakhstan, operated by the National Payment Corporation. The interbank system lets merchants accept payments from customers of every connected bank with a single QR code.
You will see IPS (МСМП) codes at shops, cafés, markets and service points. With QRiks every one of them can be paid with USDT, and the merchant receives Kazakhstani tenge as usual.
Can I pay IPS (МСМП) QR codes without a Kazakh bank account?
Yes. With QRiks you scan the IPS (МСМП) code and pay with USDT. A vetted payer in Kazakhstan pays the merchant from their own Kazakh account, so you don't need a local bank account, card or phone number.
What does the merchant in Kazakhstan receive?
The merchant receives Kazakhstani tenge (KZT) through IPS (МСМП), exactly like a payment from a local customer. They don't need to know about QRiks or accept crypto.
What do I pay with?
USDT on Polygon from your QRiks wallet. The quote shows the exchange rate, our fee and the network cost before you confirm.
Who runs IPS (МСМП)?
Interbank Instant Payment System (МСМП) is operated by the National Bank of Kazakhstan, operated by the National Payment Corporation.
What if the payment doesn't go through?
Your USDT stays in escrow until an independent validator in Kazakhstan confirms that the merchant was paid. If the merchant wasn't paid, your USDT is returned.
Where can I pay with IPS (МСМП) in Kazakhstan?
Anywhere a IPS (МСМП) QR code is displayed: shops, cafés, markets and service points.
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