Uzbekistan's HUMO payment system aims to expand its market reach to Azerbaijan

The National Interbank Processing Center (HUMO) of Uzbekistan aims to expand its market reach to Azerbaijan and Türkiye in the medium term, HUMO General Director Shukhratbek Kurbanov said, Report informs via Daryo.

According to him, the payment system has already initiated preliminary negotiations with interested partners in these countries:

“We are moving forward, and we will expand. The most important goal is to create a unified payment space for regionally and culturally close countries.”

Moreover, HUMO has launched a seamless payments project with TBC Bank in Georgia, with plans to involve other local banks in the initiative.

Shukhratbek Kurbanov said that HUMO has announced plans to introduce seamless payments in Kyrgyzstan and Kazakhstan.

"We have plans—first and foremost, to gain access to neighboring countries. We have already finalized the financial aspects of this endeavor. These projects involve Elkart in Kyrgyzstan and Halyk Bank in Kazakhstan. We want Humo cards to function in these countries. With Elkart, the cards will also be operational in Uzbekistan. We observe that there is a demand for this, and people do not always need a second card to travel to neighboring countries," Kurbanov explained.