Europe Fintech

Uzpromstroybank Launches JCB Merchant Acquiring Operations in the Republic of Uzbekistan

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and JSCB “Uzbek Industrial and Construction bank” have announced the start of JCB merchant acquiring operations across the Republic of Uzbekistan.

The introduction of a visa-free regime in 2018 with Japan, as well as the cooperation of Uzpromstroybank with JCB International Co., Ltd. (Japan) will expand the tourism potential of Uzbekistan, increase cashless money circulation and improve the quality of customer service.

In 2019, JSCB “Uzpromstroybank” launched a project to modernize card processing, the goals of which were the issuance of international cards with an electronic PIN code, multicurrency accounts and a credit limit on the card, and provision of service using international contactless card systems including JCB and the expansion of the acquiring network. As for today, the project has been implemented and testing and customization of new card products are underway.

In January 2021, a new processing “WAY4” has been launched in a productive environment, where all JCB cardholders will be able to withdraw cash from ATMs of Uzpromstroybank and pay for purchases in the network of the Bank’s partners.

Takashi Suetsugu, the General Director of JCB International (Eurasia) LLC said: “We are pleased to announce that JSCB “Uzpromstroybank”, one of the largest and most reliable banks in the region with a high business reputation, has started to accept JCB Cards across the Republic of Uzbekistan. Uzbekistan is a popular tourist destination with an ancient history, rich cuisine, hospitable people. Uzbekistan attracts not only Russian tourists but also tourists from Japan and other Asian countries and regions, where there are traditionally many JCB cardholders.

“The introduction of a visa-free regime in 2018, as well as our cooperation with JSCB “Uzpromstroybank” will definitely contribute to an increase in the flow of tourists, as well as creation of even more comfortable conditions for paying for purchases and withdrawing cash for JCB cardholders when travelling to the Republic.”

Deputy Chairman of the Board of JSCB Uzpromstroybank Tavakkalov Ulugbek also commented that the bank’s ATM and terminal network serving Humo will simultaneously serve the cards of JCB international payment system. Now there are 150 of such ATMs and 16,000 of such terminals.

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