Pyypl Expands Global Footprint With New Kazakhstan Digital Asset Approval

Pyypl has expanded its regulated operations in Kazakhstan after its local subsidiary obtained permission from the Astana Financial Services Authority (AFSA) to provide money services in relation to digital assets.

In a press release dated August 14, the company stated that the permission, issued on April 23, 2026, extends Pyypl Kazakhstan Ltd.’s existing money-services licence and gives it a regulated base from which to develop new cross-border payment, settlement, and liquidity capabilities.

“AFSA digital asset permission extends Pyypl Kazakhstan’s existing license and creates a regulated base for developing new cross-border payment, settlement and liquidity capabilities,” read part of the press release.

Pyypl Targets More Efficient International Money Transfers 

Pyypl said the regulatory permission strengthens its international footprint as it seeks to develop infrastructure for cross-border payments.

The company operates under regulatory frameworks in several markets, including those overseen by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi and the Central Bank of Bahrain (CBB).

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According to Pyypl, adding Kazakhstan to this network provides another regulated environment from which it can develop payment corridors and settlement solutions.

Additionally, Pyypl said its focus on digital assets is primarily linked to their potential role in payment infrastructure rather than offering digital assets as a standalone product.

The company added that it believes in digital asset liquidity, where permitted and appropriately structured, could help reduce some of the friction associated with international money transfers.

It highlighted that traditional cross-border payments can involve several intermediaries, currencies and settlement arrangements, which can increase costs, lengthen settlement times and require funds to be maintained across different accounts and jurisdictions.

Therefore, the company is seeking to connect traditional payment systems with digital asset liquidity and regulated financial services.

CEO Outlines Plans for Digital Asset Infrastructure 

According to the CEO, Muhamad Masri, the company’s objective is to use digital assets as part of the infrastructure supporting international payments.

“For us, digital assets are not the end product. They are part of the infrastructure that can make cross-border payments faster, more liquid and more efficient,” Masri said.

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He added that the permission in Kazakhstan provides another regulated environment in which Pyypl can develop the infrastructure while maintaining its focus on regulatory compliance and governance requirements.

Furthermore, Pyypl said the AFSA permission provides a foundation for developing services aimed at improving settlement efficiency, expanding payment corridors, and supporting liquidity management.

However, the company noted that these capabilities will be introduced progressively and will depend on regulatory requirements, licence conditions, partner readiness, and customer demand.

It added that its longer-term strategy is to connect regulated entities, traditional financial rails, payment infrastructure and digital asset liquidity into a broader cross-border ecosystem. 

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A photo showing PYYPL android app in playstore. Photo/ File