15:08, 5 November 2009 Page views 279 views

Card market of Uzbekistan: more than 5.5 million cards

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On August 6, 2009, Act “On the order of equipment and application of payment terminals for making payments’, developed by the Central Bank of Uzbekistan together with the State Tax Committee of the Republic of Uzbekistan, has come into force.

According to this document, POS-terminals should be installed in railway and air booking offices, in points of payment acceptance, opened at housing and public untility services companies in Uzbekistan without exception. Besides, phone service payment points, gas stations, fixed sales outlets with a sales space of over 150 sq. metres, restaurants, hotels, post offices, etc should be equipped with POS-terminals as well.

As of October 1, 2009 about 42,000 POS-terminals have been installed in different merchants of Uzbekistan. Under the forecast, till the end of 2009 the number of terminals on the national market will increase by the third.

By this date, banks of Uzbekistan have issued more than 5.5 million cards.


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