TASHKENT, Uzbekistan, January 29. Uzbekistan's
SQB has expanded its international payment services in cooperation
with UZCARD, Trend
reports via the bank.
Under the update, payments using Discover Network and Diners
Club International cards are now accepted at the bank’s merchant
terminals. Cardholders can also withdraw cash using these cards at
SQB ATMs.
The expanded functionality is expected to facilitate
transactions for foreign visitors and holders of international
payment cards in Uzbekistan.
According to the bank, Discover Network and Diners Club
International cards are accepted and processed through a technical
and software infrastructure integrated with the Uzcard payment
system.
SQB noted that the move forms part of its efforts to develop
international cooperation and broaden the range of financial
services available to customers.
Together, Discover Network and Diners Club International are
integral components of a global payment ecosystem, encompassing
over 378 million cards worldwide, with acceptance in more than 190
countries and territories.
Uzbekistan's SQB (JSCB "Uzpromstroybank") is a significant
state-owned bank established in 1922, currently undergoing a
privatization process. It focuses on transforming into a
commercially driven and sustainable institution, with an emphasis
on corporate, green, and retail banking. SQB plays a crucial role
in financing key economic sectors such as manufacturing and
construction, while the government prioritizes its privatization
through the Uzbekistan National Investment Fund (UzNIF).
The bank leads in sustainable finance by issuing green bonds and
is recognized for strong corporate banking services and
international partnerships. From 2024 to 2026, it aims to enhance
its business model by prioritizing digital services and improving
corporate governance.
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