Uzbekistan News

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Discover all the payments and fintech-related news and analysis about Uzbekistan in The Paypers News, Reports, along with other Uzbekistan-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Uzbekistan in The Paypers News, Reports, along with other

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ITFC, PJSCB Orient Finans launch trade finance facility in Uzbekistan

News | E-invoicing, SCF & E-procurement | 22 Jan 2021

The ITFC has signed a USD 10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan.

ITFC, PJSCB Orient Finans, SMEs, supply chain finance, trade finance, SCF, Uzbekistan, IsDB, OIC member

PJSCB Orient Finans, JCB to start merchant acquiring operations across Uzbekistan

News | Cards | 13 Aug 2020

JCB International and PJSCB Orient Finans have announced the start of JCB merchant acquiring operations across Uzbekistan. 

PJSCB Orient Finans, JCB, the Republic of Uzbekistan, cards, merchants, ecommerce transactions, payment cards

Uzbekistan-based People's Bank, Finastra partner for risk management business

News | Digital Identity, Security & Online Fraud | 03 Aug 2020

UK-based fintech Finastra has partnered with Uzbekistan’s People’s Bank for deploying Fusion Risk, a technology feature used for automating risk management business.

Uzbekistan, People’s Bank, Finastra, risk management business, fintech, Fusion Risk, automation, FinExtra Group, Neoflex, single point of control, user experience, ALM, FTP, IFRS 9, Basel II, Basel III

TBC Bank goes live with Capital Banking Solutions in Uzbekistan

News | Payments General | 27 Jul 2020

TBC Bank, an Uzbekistan-based digital bank and the subsidiary of TBC banking group in Georgia, has selected Capital Banking Solutions, a global provider of integrated banking software.

deposits banking services, loans, partnership, TBC Bank, Georgia, Capital Banking Solutions, digital bank

Uzbekistan planning to reform banking system

News | E-invoicing, SCF & E-procurement | 13 May 2020

The president of Uzbekistan has announced planning to reform the banking system and sell off state shares in six Uzbek banks.

Uzbekistan, banking, Ipoteka Bank, Uzpromstroybank, Asaka Bank, Alokabank, Qishloq Qurilish Bank, Turonbank, National Bank for Foreign Economic Affairs, Agrobank, Microcreditbank, financial, loans

Uzbekistan substantially updates payments services regulations

News | Online Payments | 11 May 2020

Uzbekistan has updated its regulations regarding payments systems, to clarify whether companies need to be licensed for providing payment services in the country.

Uzbekistan, Central Bank of Uzbekistan, Rules on the Issuance and Circulation of Electronic Money, e-money, electronic money, online payments, payments regulation

Paysend allows global money transfers to Uzbekistan

News | Payments General | 04 Dec 2019

The UK-based fintech business Paysend has launched global money transfers to Uzbekistan, thus expanding its worldwide footprint for its Global Transfers service.

Paysend, launch, money transfers, Uzbekistan, UK, fintech, online transfers

Trustbank implements Islamic Banking Services

News | Online & Mobile Banking | 06 May 2021

Trustbank has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS), a software and services provider for banks and financial institutions.

banks, Islamic banking, financial institutions, trade finance, regulation, partnership

Asia Alliance Bank selects ICS BANKS Islamic

News | Online & Mobile Banking | 20 May 2021

Asia Alliance Bank, an Uzbekistan-based bank, has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS).

banks, Islamic banking, partnership, cloud

ICD partners Orient Finans Bank for Islamic Window at the Bank

News | Online & Mobile Banking | 15 Jul 2021

The Orient Finans Bank and the Islamic Corporation for the Development of the Private Sector (ICD) have signed a partnership to launch an Islamic Window at the Bank.

Islamic banking, partnership, financial institutions

Uzbekistan suspends the use of Russia's Mir payment cards

News | Payments General | 26 Sep 2022

Uzbekistan's UZCARD has suspended payments processing through Mir cards issued by Bank of Russia's National Card Payment System due to necessary technical procedures.

payment processing, financial sanctions, online payments, payment processor