RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of August 3, 2006 No. PP-433

About additional measures for further development of system of clearing settlements on the basis of plastic cards

As a result of implementation of complex measures for expansion of system of clearing settlements in the republic more than 3 million pieces of plastic cards are released, in trade organizations and service industry about 12 thousand terminals or with growth against the level of 2004 more than by 8 times are established.

The Single all-republican processing center allowing to perform in the single mode banking activities with use of plastic cards in all outlets irrespective of in what bank they are serviced is formed. The Interbank payment service provider of clearing settlements according to plastic cards which includes 18 commercial banks of the republic is created. Also the regulatory framework is created necessary for carrying out clearing settlements using plastic cards legislative. Number of domestic enterprises masters production of bank microprocessor plastic cards and payment terminals.

At the same time, the system of clearing settlements in retail trade and services industry of the population did not gain due development yet. Work on implementation of various discount, bonus and prize-winning projects on stimulation of use of the plastic cards creating conditions for customer acquisition, the growth in volumes of sales of products and the rendered services conforming to international standards of field service of the population is insufficiently conducted.

For the purpose of further development of system of clearing settlements on the basis of plastic cards, reducing extra bank turnover of cash, production incentive in the republic of bank microprocessor plastic cards and payment terminals:

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