Russia, Georgia and CIS Payment Cards Yearbook

Uzbekistan - Summary

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Uzbekistan Market Overview
Uzbekistan Payment Organizations	National Interbank Payment System

Uzbekistan Domestic Card Brand	UZKART (Soum or SUM Card)

Uzbekistan Market Structure	Nearly all Uzbek banks are state-owned, with little private or foreign capital. National Bank of Uzbekistan is the dominant bank. International cards have only a small presence in the market. Historically, more than 80% of cards issued were domestic-only Soum cards using Duet smart card technology from BGS Smartcard Systems, now owned by Net 1. Although bank depositors’ funds are guaranteed by the state, the vast majority of payments are conducted in cash, reflecting the relatively small non-cash acceptance network and widespread distrust of the banks.

Uzbekistan Major Issuers	National Bank of Uzbekistan, Asaka Bank, Agrobank, Ipak Yuli, Kapitalbank.

Uzbekistan Key Statistics 2010
Uzbekistan Population	28.2 million
Uzbekistan Cards	8.0 million