UZCARD
UZCARD is one of Uzbekistan’s national payment systems and a key part of the country’s domestic cashless payment infrastructure. It supports card payments, ATM withdrawals, merchant acceptance, transfers and contactless transactions across partner banks and payment providers. UZCARD reports more than 24.7 million cards, making it one of the most important local payment methods for businesses serving Uzbek consumers.
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Reasons for Popularity
In 2023 65.7% of the P2P payments were carried out through UZCARD
Competitive Fees: Compared to international payment systems like Visa and Mastercard, UZCARD offers lower fees for card issuance and transactions, making it more attractive to users
Widespread Acceptance: UZCARD is widely accepted across various merchants and service providers throughout Uzbekistan, particularly in rural areas where international cards may not be as commonly used
Integration with Local Services: UZCARD is integrated with numerous local payment services and platforms that allow users to perform various transactions such as bill payments and money transfers easily
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