The Central Bank of Uzbekistan has prepared the Taqsim platform, which will allow employees to independently choose a bank to receive their salaries. The system’s launch was planned for June 30 but has been delayed due to the technical unreadiness of commercial banks.
What happened
Currently, employers in Uzbekistan centrally transfer money to the cards of a partner bank. An employee is forced to become its client upon hiring. The new Taqsim (translated as “distribution”) system changes this mechanic: an employee will be able to provide the details of any bank they prefer.
According to Spot, the infrastructure on the Central Bank’s side is already prepared. The launch was postponed because some commercial banks failed to set up technical integration with the new platform by the established deadline.
Country and market
The development of Taqsim is a direct execution of a presidential decree from November 2025. The document required giving citizens the right to choose a financial organization or an e-wallet to receive their salaries. The regulator’s main goal in this process is to stimulate competition in Uzbekistan’s retail banking and payment services market.
Why it matters
Abolishing “wage slavery” breaks the traditional customer acquisition model. Previously, it was enough for a bank to strike a deal with a company to gain hundreds of active users. Now, they will have to fight for each client using market methods: cashbacks, interest on balances, and the convenience of their apps.
For banks, this means a sharp transition from corporate package sales to fierce retail competition for users’ daily transactions.
What’s next
The exact launch date remains unknown. The market is waiting for the lagging banks to complete their technical work and for official clarifications from the Central Bank regarding the system’s new launch timeframe.