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Fintech & Ecommerce

JCB starts merchant acquiring operations in Uzbekistan

Jan 12, 2021

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

JCB 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 are pleased to announce that JSCB "Uzpromstroybank", one of the largest and most reliable banks in the region with a high business reputation, has started to accept JCB Cards across the Republic of Uzbekistan. Uzbekistan is a popular tourist destination with an ancient history, rich cuisine, hospitable people. Uzbekistan attracts not only Russian tourists but also tourists from Japan and other Asian countries and regions, where there are traditionally many JCB cardholders. The introduction of a visa-free regime in 2018, as well as our cooperation with JSCB "Uzpromstroybank" will definitely contribute to an increase in the flow of tourists, as well as creation of even more comfortable conditions for paying for purchases and withdrawing cash for JCB cardholders when traveling to the Republic
Takashi Suetsugu, the General Director of JCB International (Eurasia) LLC

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

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