JSCB “Uzpromstroybank” is the largest bank in the Republic of Uzbekistan

JCB starts merchant acquiring operations in Uzbekistan. Source: shutterstock.com

JCB International and JSCB “Uzbek Industrial and Construction bank” have announced the start of JCB merchant acquiring operations across the Republic of Uzbekistan.

It is likely to expand the tourism potential of Uzbekistan, increase cashless money circulation and improve the quality of customer service.

In 2019, JSCB “Uzpromstroybank” launched a project to modernize card processing. It aimed to issue international cards with an electronic PIN code, multicurrency accounts, and a credit limit on the card. It also provided service using international contactless card systems including JCB and the expansion of the acquiring network. As of today, the project has been implemented and testing and customization of new card products are underway.

In January 2021, a new processing “WAY4” has been launched to allow all JCB cardholders to be able to withdraw cash from ATMs of Uzpromstroybank and pay for purchases in the network of the Bank’s partners.

We’ve reported that JCB shared a view on how to accelerate the evolution of payments.

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