Local banks have opened access to contactless smartphone payments for customers. Uzbekistan is still preparing its legal framework for the launch.
The Uzbek payment service offers 5% cashback for in-app identity verification.
Following the block on the system that controlled 83% of outbound transfers, Kazakhstanis will have to switch to Western Union and MoneyGram.
Payment behavior research shows how banks can use data to shift from mass mailings to personalized offers.
The share of cashless payments abroad reached 93%.
The universal payment system was supposed to free entrepreneurs from keeping multiple terminals at the checkout.