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  3. China, Kazakhstan plan QR payments, expanding yuan’s reach in overseas retail purchases

South China Morning Post

China, Kazakhstan plan QR payments, expanding yuan’s reach in overseas retail purchases

Kazakhstan plans to launch QR-code payments with China by the end of 2026 – a move that analysts say could expand the yuan’s use beyond trade and investment into everyday transactions while offering a “gentle yet substantive” alternative to the US dollar. The decision comes as Beijing is deepening trade and financial ties under China’s Belt and Road Initiative, while advancing the yuan’s use in cross-border transactions amid a broader de-dollarisation trend. The Central Asian country is...

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By South China Morning Post

14 September 2026|1 min read
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China, Kazakhstan plan QR payments, expanding yuan’s reach in overseas retail purchases
China, Kazakhstan plan QR payments, expanding yuan’s reach in overseas retail purchases
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