UZCARD Throws Light On Details Of New Integration Phase With Kyrgyz Elkart (Exclusive)

2025-11-20 12:05:12

(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 20. The next stage of UZCARD's integration with Kyrgyzstan's national payment system Elkart will be the launch of mutual acquiring and acceptance projects, Olimjon Zakirov, Commercial Director of LLC UCMG, told Trend.

Zakirov highlighted that once the current initiatives are fully implemented, UZCARD holders will be able to use their cards at POS terminals and ATMs in Kyrgyzstan, while Elkart cards will become widely accepted in Uzbekistan.

He also noted that the first phase of the integration process, which allows for seamless peer-to-peer (P2P) transfers between Elkart and UZCARD, is already operational and can be accessed via the mobile applications of participating banks in both nations.

"Our objective is to create an interconnected regional payment ecosystem, allowing UZCARD users to make payments abroad with the same ease and convenience as they do within Uzbekistan," Zakirov emphasized.

He further pointed out that Uzbekistan's acquiring infrastructure for UZCARD already supports international payment systems, including Mastercard, UnionPay, Visa, Discover, and Diners Club, with efforts underway to expand these integrations further.

Zakirov concluded by stressing that UZCARD is open to collaborating with payment systems in countries with significant cross-border traffic, mentioning that joint projects are currently in development with Türkiye, Saudi Arabia, and the UAE.

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