Reasons for Popularity

Reasons for Popularity

In 2023 65.7% of the P2P payments were carried out through UZCARD

Competitive Fees: Compared to international payment systems like Visa and Mastercard, UZCARD offers lower fees for card issuance and transactions, making it more attractive to users

Widespread Acceptance: UZCARD is widely accepted across various merchants and service providers throughout Uzbekistan, particularly in rural areas where international cards may not be as commonly used

Integration with Local Services: UZCARD is integrated with numerous local payment services and platforms that allow users to perform various transactions such as bill payments and money transfers easily

Reasons for Popularity

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Uzbekistan

Top e-commerce industries
22.5%
Electronics
22.9%
Hobby & Leisure
18%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Tashkent
Capital
36.5M
Population
+5
Time Zone (GMT)
UZS (Soʻm)
Currency
Uzbekistani Som
$71.6B
Transactions
value in 2028
23.4%
CAGR
of Digital Payments
during 2024-2028

Popularity of e-commerce payment methods

Bank Transfer
23%
Buy Now Pay Later
1%
Cash-in
10%
Credit Cards
9%
Debit Cards & Prepaid Cards
42%
E-wallet
14%
Mobile Money
14%
Others
1%

Extend your reach

Payment Method

Uzum Bank powers payments within the wider Uzum ecosystem and for third-party businesses

Method
Uzum
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
10M
Disbursements
No
No
Chargebacks
$25.00
$25.00
Authorization currency
UZS
Authorization
speed
< 1 minute
Recurring
No
No

UZCARD is Uzbekistan’s incumbent payment system launched in 2004, offering card-based payments for both in-store and online transactions, with support for QR codes, Google Pay and mobile wallets. Along with HUMO, Uzcard is much more popular in Uzbekistan than international payment systems such as Visa or Mastercard.

Method
UZCARD
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Debit Cards & Prepaid Cards
Local Card Scheme
Users
7M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
Authorization currency
UZS
Authorization
speed
instant
Recurring
No
No

HUMO launched in 2019, is the national payment system of Uzbekistan, focusing on modernizing card payments with features like contactless transactions and QR code support, integrating with Google Pay and mobile wallets for digital payments. Along with Uzcard, HUMO is much more popular in Uzbekistan than international payment systems such as Visa or Mastercard.

Method
HUMO
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Debit Cards & Prepaid Cards
Local Card Scheme
Users
23M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
Authorization currency
UZS
Authorization
speed
instant
Recurring
No
No

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