On October 24 this year at UZCARD FORUM 2024 a memorandum of cooperation was signed between JSC “Common republican processing centre” and JSCB “Hamkorbank”. This significant event demonstrates the readiness of both parties to further develop financial technologies and strengthen bilateral relations.
The Memorandum became a key step towards realization of the project “UZCARD Loyalty Platform”, aimed at stimulating the use of non-cash payments by issuing bank cards for customers of different market segments. The project is aimed at creating and developing, as well as promoting a loyalty program that will increase the convenience and attractiveness of cashless transactions for users.
This agreement underscores UZCARD’s commitment to the development of the financial sector and popularization of electronic payments, as well as the reduction of cash turnover. Joint efforts aimed at improving the quality of service and encouraging the use of cashless payments play an important role in building a more modern and efficient payment infrastructure in Uzbekistan.
The signing of the memorandum symbolizes:
- Strengthening of technological interaction and exchange of experience between key players of the financial market.
- Contribution to the expansion and improvement of the country’s financial ecosystem, including the reduction of cash turnover and popularization of electronic payments.
- Development of innovations aimed at improving the convenience and security of cashless payment systems.
Thus, UZCARD continues to make a significant contribution to the development of fintech industry in Uzbekistan, providing new opportunities for businesses and consumers.
UZCARD FORUM 2024 gathered more than 500 representatives of banks, fintech companies, government agencies and international experts to discuss current trends and challenges shaping the future of the financial sector.