UZCARD cardholders today have a unique opportunity to receive money from Russia directly to their cards through the newest international payment system “KWIKPAY”.
The project was launched by the innovative fintech service KWIKPAY, with the support of the partner bank in Uzbekistan, “Uzumbank” JSC. The technical integrator of the project was “Plum technologies” LLC. The service is designed to simplify financial transactions for customers around the world.
This solution allows users to make money transfers from Russian bank cards to UZCARD cards extremely conveniently and quickly. The transfer is credited to UZCARD cards instantly. The transfer is sent in Rubles with a zero commission and is credited to the recipient’s account in Uzbekistan I the national currency at a favorable rate for users. There are no hidden fees for transfers when using the service. To do this, you need to enter the recipient’s country, name and card number in the mobile application – no additional parameters need to be specified.
It is assumed that the service will be used by individuals and businesses. Individuals will be able to transfer money to relatives and friends, as well as pay for goods and services from countries available in the system. Companies and entrepreneurs will be able to buy goods abroad, as well as pay salaries to foreign employees.
The largest volume of cross-border transfers is carried out today between the Republic of Uzbekistan and the Russian Federation. The main incentives for such growth, within the framework of joint work to strengthen the promising areas of cooperation and create a single seamless payment space, were the annually increasing mutual tourist flows, transport and logistics connections, and labor relations.