UZCARD team took part in the «2022 Global Commercial Payments Summit», held by the international payment system Discover Global Network for its partners in Madrid from April 19 to 21, 2022. As part of the event, an agreement was signed between the Common Republican Processing Centre and Discover Financial Services on acceptance enablement of Discover Global Network cards on UZCARD’s acquiring network.
UZCARD and Discover Global Network laid the foundation for cooperation back in 2021 by signing the strategic alliance network agreement. The purpose of such a partnership for UZCARD was to expand its international cooperation and popularize the Republic of Uzbekistan among foreign citizens.
During the «2022 Global Commercial Payments Summit», the Common Republican Processing Centre and Discover signed an agreement upon which Discover Global Network (inclusive of Discover®, Diners Club International® and Network Alliance Partners) cardholders from all over the world will soon be able to pay for purchases and withdraw cash during their travels or business trips in our country on the UZCARD acquiring network both POS and ATM. The parties discussed in detail the stages of launching and joint promotion of the project both in the republic and abroad. The agreement provides for the phased implementation of the project by the end of 2023.
The main topic of the summit was corporate payments. Speakers – representatives of payment systems, fintech and banking industry, shared their experience of solutions for corporate clients all over the world, demonstrated their advantages and wide functionality. This summit was held for Discover Global Network Partners and brought together the guests from many countries, including the UK, Croatia, Austria, Turkey, South Africa, Mexico, Peru and New Zealand.
Discover Global Network is the fastest growing global payment network with more than 60 million merchant acceptance locations and 1.8 million ATM and cash access locations around the world. The Discover Global Network includes Discover Network, Diners Club International, PULSE and more than 25 alliance partner networks across the globe.
UZCARD thanks its Partner, Discover Global Network, for the high-level arrangement of the event and warm welcome of our team!