Tashkent, Uzbekistan (UzDaily.com) — On 24 October 2024, during the UZCARD FORUM 2024, a memorandum of cooperation was signed between the Joint-Stock Company "Unified Republican Processing Center" (Uzcard) and the Commercial Bank "Hamkorbank."

This significant event highlights both parties’ commitment to advancing financial technologies and strengthening bilateral relations.

The memorandum marks a crucial step towards implementing the "UZCARD Loyalty Platform" project, aimed at promoting cashless payments through the issuance of bank cards for clients across different market segments. The project focuses on creating, developing, and promoting a loyalty program to make cashless transactions more convenient and appealing for users.

This agreement emphasizes Uzcard’s dedication to developing the financial sector, popularizing electronic payments, and reducing cash circulation. The joint efforts to improve service quality and promote cashless payments play a key role in building a more modern and efficient payment infrastructure in Uzbekistan.

The signing of the memorandum signifies:

- Strengthening technological cooperation and experience sharing between key players in the financial market.

- Contributing to the expansion and improvement of the country’s financial ecosystem, including reducing cash circulation and popularizing electronic payments.

- Developing innovations aimed at enhancing the convenience and security of cashless payment systems.

Thus, Uzcard continues to make a significant contribution to the development of Uzbekistan’s fintech industry, providing new opportunities for businesses and consumers alike.

It is worth noting that 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.