TASHKENT, Uzbekistan, April 16, 2025 /PRNewswire/ — Uzum Reserve, Uzbekistan’s well-known neobank, has reached a big milestone: 1.5 million Visa attic playing cards issued, highlighting the rustic’s rising urge for food for fintech answers.
Now, somebody in Uzbekistan can simply sequence each plastic and digital Uzum playing cards, making reserve and handy banking extra available than ever and contributing to monetary inclusion by way of bringing fashionable monetary gear to each and every nook of the rustic. With a function of achieving 5 million issued playing cards by way of the top of 2025, Uzum Reserve is swiftly reworking Uzbekistan’s monetary sector, making fashionable banking products and services available to tens of millions and nourishing its place as a fintech chief in Central Asia.
«We at Visa are pleased with our collaboration with Uzum Reserve, which permits us to with a bit of luck create Uzbekistan’s monetary infrastructure. The exceptional enlargement within the collection of playing cards issued at the Visa platform displays the prime call for for leading edge monetary answers. It is a unclouded signal of the speedy construction of the monetary sector, with cashless bills rising often – utmost month, transactions on Visa playing cards higher by way of 1.5 occasions and native bills just about doubled. This go is making banking products and services extra available to tens of millions around the nation, and we’re excited to proceed increasing our partnerships with banks and fintech corporations to pressure additional enlargement in Uzbekistan’s virtual economic system,» stated Bekhzod Abdurakhmanov, Visa Nation Supervisor for Uzbekistan.
«The speedy adoption of Uzum Reserve’s monetary merchandise is a part of a broader technique to combine fintech into on a regular basis trade. Just about 50% of Uzum Marketplace’s transactions and over 30% of bills on Uzum Tezkor are already processed via our personal fintech answers. By way of increasing get entry to to plastic playing cards, we’re additional nourishing Uzbekistan’s virtual bills ecosystem and making monetary transactions more straightforward and extra environment friendly for tens of millions of customers. Due to the combination of our e-commerce and fintech infrastructure we will safeguard the seamless card supply to all areas of the rustic, making monetary products and services in point of fact available national,» commented Djasur Djumaev, CEO and Founding father of Uzum.
The Uzum card, powered by way of the sector chief in virtual bills Visa, permits customers to produce bills, transfers, and money withdrawals each in Uzbekistan and in another country. Due to Uzum Reserve’s localized monetary infrastructure and Uzum Marketplace’s huge community of pick-up issues, each and every resident of Uzbekistan — about 37 million population — can now simply sequence a plastic card within the Uzum Reserve app and obtain it any place within the nation.
Uzum Reserve guarantees that its cardholders revel in zero-fee top-ups in the course of the Uzum Reserve app and will produce purchases in Uzbek soums with out conversion prices. Transfers inside Uzum Reserve, in addition to to Uzcard and Humo, are speedy and commission-free, making it easy to ship cash with only a telephone quantity or touch variety.
Moreover, the Uzum card deals a renewable credit score prohibit of as much as 25 million soums (nearly $2000), permitting shoppers to crack purchases into installments or switch microloans at once to their accounts. This detail supplies monetary flexibility, serving to customers govern their budgets successfully moment minimizing early compensation prices.
SOURCE Uzum Team
