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News about Central Bank: events, facts and developments on tafs uz.

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Economy

Open Bank receives Uzbekistan's first Islamic banking licence

For the first time in Uzbekistan, a licence for Islamic banking activity has been granted — to Open Bank. Spot.uz explains what this changes for customers, which banks are preparing to launch, and what risks market experts name. For the first time in Uzbekistan, Open Bank has received a license for Islamic banking. Spot.uz explains what this changes for customers, which banks are preparing to launch, and what risks market experts point out.

Aziz Karimov
4 min read
Uzbekistan

Apple Pay and Google Pay officially launched in Uzbekistan

On October 27, 2026, the international payment services Apple Pay and Google Pay went live in Uzbekistan. The launch was announced by the Head of the Presidential Administration, Saida Mirziyoyeva. The launch was the result of years of work: from a government instruction in 2024 to amendments to the personal data law that removed the barrier of local data storage.

Sevara Azamova
3 min read
Uzbekistan

Uzbekistan issues its first Islamic banking license — Open Bank receives it

The Central Bank of Uzbekistan has issued the country's first license for Islamic banking activity. License No. 1-I was granted to JSC Open Bank by a decision of the regulator's board dated October 23, 2026. The license covers six types of Islamic financial operations provided for by Article 5¹ of the law The Central Bank of Uzbekistan has issued the country's first license for Islamic banking activities. License No. 1-I was granted to Open Bank JSC by a decision of the regulator's board dated October 23, 2026. The license covers six types of Islamic financial operations provided for in Article 5¹ of the law 'On Banks and Banking Activity.' The Central Bank recommended that citizens verify the existence of a license before using banking services.

Aziz Karimov
3 min read
Economy

Uzbekistan to introduce special bank accounts for enterprises at the bankruptcy stage

On 20 October, the Ministry of Justice approved amendments to the procedure for opening, maintaining and closing bank accounts. Commercial banks will open separate accounts for companies in rehabilitation, external management or liquidation procedures, and debit operations on the previous accounts are suspended. Customers will also be able to obtain information about their accounts at any bank and open accounts using a biometric foreign passport.

Otabek Yusupov
2 min read
Economy

Click CEO and banks commented on card-to-card transfer fees

At a roundtable at the Central Bank, Click founder Ulugbek Rustamov explained that a P2P transfer chain involves a bank, a processing system and a payment organization, and that a 'zero fee' does not mean no costs — the organization covers them at its own expense, often as a marketing cost. Banks can offer free transfers thanks to other revenue sources, while payment organizations rely mainly on fees.

Sevara Azamova
2 min read
Economy

Uzbekistan discusses free transfers between one's own cards and Open banking

On October 15, the Central Bank of Uzbekistan hosted a round table on fees in financial services. Participants discussed free transfers between cards of the same individual, reducing customer lock-in to a single bank, and timelines for launching new services. The document on 'me-to-me' transfers has already been submitted to the Cabinet of Ministers, but no exact launch date has been named.

Sevara Azamova
2 min read