Dear clients and cardholders of the UZCARD payment system!
19 years ago, in 2004, our company, “Common republican processing center” LLC, was founded to provide acquiring and electronic payments processing services. Being one of the national payment systems in Uzbekistan, our Company has always strived to adhere to high standards of business conduct and corporate responsibility.
It is worth noting that the Government of the Republic of Uzbekistan, represented by the Committee for the Development of Competition and Protection of Consumer Rights, the Central Bank of the Republic of Uzbekistan, is taking active measures, carrying out the reforms and developing the regulatory environment so that the activities of large companies are also aimed at benefiting the population of our republic. In particular, in June 2023, the Law of the Republic of Uzbekistan “On Competition” was adopted to prevent restrictions on competition in commodity and financial markets, and to protect the rights and legitimate interests of consumers in a competitive environment. Our Company warmly welcomes this law, which is designed to help develop the economy of our country by promoting fair competition. The changes introduced by this law coincide with the transformation of activities that we began in 2022 and continue in 2023 to become an even more efficient, transparent and ethical Company.
In 2023, we created internal audit, internal control and compliance divisions, which, among other things, ensure compliance of our activities with the legislation of the Republic of Uzbekistan. As part of this activity, our Company also introduced antimonopoly compliance, as provided for by the Law “On Competition”. Antimonopoly compliance has made it possible to effectively implement preventive control procedures for early detection and prevention of violations of the provisions of this law in our daily work, including during procurement procedures. I would also like to express my gratitude to the Committee for the Development of Competition and Protection of Consumer Rights, which constantly provides the necessary methodological assistance and advice to our responsible employees. In 2023, our employees participated in numerous trainings and conferences held by the Committee for the Development of Competition and Protection of Consumer Rights, where they studied the experience of both foreign and national companies in the field of development of competition and consumer protection.
In the end, I want to say that competition motivates us to develop and improve the quality of services and products that we provide to our clients, so other market participants are not competitors for us, but friends and partners who help us become better.
Sincerely yours,
Olim Zakirov