TASHKENT, Uzbekistan,
August 24. Uzbekistan’s HUMO payment system aims
to expand its operations from the regional level to the
international market by developing cooperation with payment systems
in other countries, HUMO Chairman Aleksey Maslov said, Trend’s special correspondent
reports from Tashkent.
He made the remark while speaking at the Silk Road Finance &
Technology Forum.
According to Maslov, HUMO’s initial goal was not to create
another local payment player, but to build a system capable of
expanding beyond the domestic market. “From the very beginning, our
goal was to create a player which can be at least regional from the
beginning, but then we decided to move into international
operation,” Maslov said.
He noted that HUMO operates its own local card network and also
issues co-branded cards with international payment systems,
including Visa. “The co-branded card can be used as a local [card]
inside the country and can be used as Visa outside the country.
It's a typical thing for a local payment system,” he said.
At the same time, HUMO is developing direct cooperation with
other national payment systems in the region. “For example, we have
cooperation with some other local payment systems, like Elcard in
Kyrgyzstan. Elcard can be accepted in our country. Our cards can be
accepted in Kyrgyzstan. We do a similar thing with Kazakhstan. We
do similar things with some other countries,” Maslov said.
He added that HUMO will continue expanding its cooperation
geographically, with the aim of strengthening its position as a
regional, subregional and eventually international payment
player.
