UnionPay International Cards in Uzbekistan

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Monday, 20 June 2016 15:37

                                                                                                                         

      In Tashkent on the eve of annual summit of Shanghai Co-operation Organization (SCO), there was hold ceremony organized by Common Republican Processing Centre and National Bank of Uzbekistan, and was dedicated to launch of project of acquiring of international cards of UnionPay in Uzbekistan.

The event hold at Banking association of Uzbekistan was participated by the members of UnionPay International delegation headed by President of China UnionPay Mr. Shi Wenchao, representatives of Central Bank of Uzbekistan, Uzbekistan Banking Associations, Common Republican Processing Centre, commercial banks of the country, tour operators and travel agencies, as well as representatives of mass media. The main topic of the event was issues concerning the launch of project of acceptance of UnionPay cards by POS terminals network of “UzCard” Interbank payment system.

During the ceremony it was noted that the launch of the project will enable to use UnionPay cards in wide “UzCard” network, that consists of more than 190 thousand retail and service outlets. It was also noted that on the basis of UzCard there was build a modern technological platform of processing center that comply with best industry standards. PCI-DSS certificate was obtained by Processing System that opens prospects to integrate it with other international payment systems in the future.

Speaking about national payment system of Uzbekistan UzCard, it is necessary to point out that today local network is uniting payment systems of all commercial banks, providing mutual acceptance of cards, issued by member-banks of UzCard interbank payment system.

Currently there are more than 17 million plastic cards issued by commercial banks, including 9,5 million cards operating in online mode.

 The attention of the attendees was focused at the fact that several banks of Uzbekistan are already members of UnionPay International’s international payment system, and implementation of this project is strategically important step toward comprehensive partnership and  cooperation between UzCard interbank payment systems and UnionPay International international payment system.

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