The removal of collateral from property in Kazakhstan will take up to five minutes
The state Corporation "Government for Citizens" together with Otbasy Bank has implemented a project to remove collateral from property using Blockchain technology.Now there is no need to collect documents and takes them to the PSC. Everything is done online, and the right of deposit is withdrawn within five minutes!
It should be noted that the service for the termination of collateral for property is one of the most popular among Kazakhstanis. In the five months since the launch of the project, 126,523 STB deposits have been withdrawn. In the near future, customers of other banks will also be able to use this service.