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The State Bank for Foreign Economic Affairs of Turkmenistan to launch new payment system "Galkynyş"

February 01, 2025 | 05:50 |17675
The State Bank for Foreign Economic Affairs of Turkmenistan has developed a new payment system called "Galkynyş." This system will expand access to modern banking services for both individuals and legal entities, while enhancing the efficiency of financial operations in the countryThe State Bank for Foreign Economic Affairs of Turkmenistan has developed a new payment system called "Galkynyş." This system will expand access to modern banking services for both individuals and legal entities, while enhancing the efficiency of financial operations in the country
Source: tfeb.gov.tm

The State Bank for Foreign Economic Affairs of Turkmenistan has developed a new payment system called "Galkynyş." This system will expand access to modern banking services for both individuals and legal entities, while enhancing the efficiency of financial operations in the country.

As part of the national program for the digitalization of the economy, the State Bank for Foreign Economic Affairs of Turkmenistan is actively implementing innovative solutions. The "Galkynyş" payment system will be another step in this direction, ensuring convenience and security for financial transactions for both the public and businesses. This information was presented at the meeting of the Cabinet of Ministers of Turkmenistan on Friday, January 31.

According to a report from State Television and Radio Broadcasting of Turkmenistan, President Serdar Berdimuhamedov approved the proposal regarding the "Galkynyş" payment system, which is planned to be implemented at the State Bank for Foreign Economic Affairs, and instructed the relevant work to be carried out.

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