Uzbekistan Launches QR-Online Payment Service

BUSINESS TURKMENISTAN
Uzbekistan Launches QR-Online Payment Service
The Central Bank of Uzbekistan expects the new service to be in demand by organizations operating in the field of delivery of goods and passengers transportation.

The Central Bank of Uzbekistan jointly with commercial banks launched universal standardized service of QR-online payments based on a QR code (Quick Response Code), the Central Bank said in its Monday press release.

According to the document, within the system, trade and service enterprises (business entities) form and register a QR code through commercial banks serving them. Buyers pay for goods and services by scanning the seller's QR-code and inputting the purchase amount in the mobile application of the payment service provider, with the funds withdrawn from bank card accounts and electronic wallets linked to the application.

The Central Bank said “trade and service enterprises can track the receipt of funds online via the QR-online system through the @onlineqrbot channel in Telegram via a bank personal account, or via SMS informing”.

The country's main bank regulator expects the new service to be in demand by organizations operating in the field of delivery of goods and passengers transportation, as it is convenient to accept payments via QR-code without using terminals.

The Bank said over 3,000 QR-stickers have been provided to trade and service enterprises in Tashkent in the course of QR-online system implementation by commercial banks.