Payments/UZ
Uzbekistan
ISO UZ · 3 schemes
Summary
- UzCard and Humo are dual national card systems
- QR-online system with 100,700+ merchant QR codes
- 224.3 trillion UZS P2P volume (2023)
- 337 billion UZS QR transactions (2024)
- Co-badging with Visa, Mastercard, UnionPay
Banking landscape
Central Bank
- Name: Central Bank of Uzbekistan (CBU)
- Website: https://cbu.uz/
- Role: Monetary policy, payment systems oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | National Bank of Uzbekistan | State | NBU Mobile |
| 2 | Kapitalbank | Private | Kapitalbank App |
| 3 | Aloqabank | Private | Aloqabank App |
| 4 | Turonbank | Private | Turonbank Mobile |
| 5 | Microcreditbank | Private | MKBank App |
Market Structure
- NIPC: National Interbank Processing Centre (Humo operator)
- UzCard: Legacy national system (65.7% P2P)
- Humo: Growing system (34.3% P2P)
- 210,000 terminals: POS infrastructure
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| UzCard | UzCard | Card network | Active (65.7%) |
| Humo | NIPC | Card network | Active (34.3%) |
| QR-online | NIPC | QR System | Active |
P2P Transfer Volume (2023)
- Total: 224.3 trillion UZS
- UzCard: 65.7% share
- Humo: 34.3% share
- Growth: 1.5x from 2022
Market Share Shift
- 2022: UzCard 68.3%, Humo 31.7%
- 2023: UzCard 65.7%, Humo 34.3%
- Humo gaining market share
QR code standards
QR-online System
| Attribute | Value |
|---|---|
| Operator | NIPC |
| QR Codes | 100,700+ |
| 2024 Value | 337 billion UZS |
| 2023 Value | 137 billion UZS |
QR-online Features
- Swift payments for goods/services
- Mobile app QR scanning
- No physical card required
- No POS terminal needed
QR Transaction Growth
- 2023: 137 billion UZS
- 2024: ~337 billion UZS
- Growth: Nearly 3x (146%)
- QR codes: +3,000 to 100,700
HUMO PAY
- QR code payments
- Pay for purchases on the spot
- Mobile app integration
- Real-time settlement
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| Humo Pay | NIPC | Yes | QR payments |
| Bank Apps | Various | Yes | Full banking |
| UzCard Apps | Banks | Yes | Card services |
Humo Card Features
- ATM cash withdrawals
- Card-to-card P2P transfers
- NFC contactless payments
- QR code payments
Humo Virtual Cards
- E-POS terminal payments
- Fee-free P2P to Humo cards
- Online shopping
- Digital-only option
Contactless Payments
- 210,000 terminals deployed
- Up to 50,000 sum without PIN
- NFC-enabled cards
- Tap-to-pay support
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| QR-online | QR System | NIPC | 100.7K QRs | qr-online |
| UzCard | Card | Domestic | 65.7% share | uzcard |
| Humo | Card | NIPC | 34.3% share | — |
Sources
- Aloqabank - Humo Card
- HumoCard Official
- Aloqabank - Custom Humo
- Turonbank - Humo-Visa
- MKBank - Humo-Mastercard
- Aloqabank - Humo Virtual
- Kun.uz - P2P Growth 2023
- Kapitalbank - Humo
- MKBank - Humo Service
- HumoCard - Payment System
Full country report
Schemes
Standards
Mentioned · 1