# Turkmenistan mobile banking growth

> Live situation record from CLSTR: https://clstr.news/situations/turkmenistan-mobile-banking-growth
> Updated: 2026-10-20T13:59:05.000Z. Sources: 4. Developments: 2.

Between January and August 2026, mobile banking transaction volumes in Turkmenistan increased by 140.7% year-on-year, totaling 71.1 million manat (approximately $20.3 million).

Growth rates varied across financial institutions. Rysgal JSCB recorded the most significant surge, with transaction volumes rising by 632.5% compared to the same period in 2025. Other institutions reporting increases include the Turkmenistan State Commercial Bank (92.5%), the State Bank for Foreign Economic Affairs (82.7%), and the ‘Türkmenbaşy’ Joint-Stock Commercial Bank (19.7%).

In contrast, some banks experienced declines in mobile banking activity. Halkbank reported a 91.2% decrease, while the Turkmen-Turkish JSCB saw a 9.6% decline.

## Timeline

### 2026-10-20: Turkmenistan mobile banking transactions surge by 140%

Mobile banking transactions in Turkmenistan rose by 140.7% to 71.1 million manat in the first eight months of 2026, led by a 632.5% surge at Rysgal Bank.

2 sources. https://clstr.news/cluster/turkmenistan-mobile-banking-transactions-surge-by-140

### 2026-10-14: Turkmenistan mobile banking transactions rise 140.7%

Mobile banking transactions in Turkmenistan rose 140.7% year-on-year to $20.3 million between January and August 2026, led by massive growth at Rysgal JSCB.

2 sources. https://clstr.news/cluster/turkmenistan-mobile-banking-transactions-rise-1407

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Cite as: Turkmenistan mobile banking growth. CLSTR, https://clstr.news/situations/turkmenistan-mobile-banking-growth