News about Uzcard: events, facts and developments on tafs uz.
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As of October 27, Apple Pay has been officially launched in Uzbekistan. Cards from Visa and Mastercard issued by eight banks can be added to the service. The Central Bank announced that the ability to add cards of local payment systems Uzcard and Humo will be presented in the near future, and the list of banks will be expanded gradually.
Aziz KarimovThe Central Bank of Uzbekistan confirmed the official launch of Apple Pay. At the first stage, the service works with Visa and Mastercard cards from eight banks, with support for the national cards Uzcard and Humo expected in the near future.
Otabek YusupovSpot.uz examined how credit cards work in Uzbekistan: how they differ from a regular loan, which banks and payment systems issue them, and how much they cost to use — from 25.55% to 54.75% per annum with grace periods of 30 to 62 days.
Aziz KarimovOn October 5, the Central Bank of Uzbekistan held a round table on fees in banking and payment services with the participation of commercial banks, payment organizations, payment systems and the media. The discussion covered how Uzcard and Humo tariffs are formed and how their growth affects banks and consumers. Economist Otabek Bakirov stated that over the past year and a half to two years the benefits have been concentrated with payment systems, and called on the regulator to strengthen competition rather than set tariffs administratively.
Nilufar Karimova
