Humo payment system being privatized
The National Interbank Processing Center (Humo) will be privatized. This is provided for by the presidential decree on additional measures to reduce state participation in the economy dated April 19.
The payment system was included in the list of 247 companies where state shares or blocks of shares should be put up for public auction.
By a presidential decree of November 30, the state share (100%) in Humo, which belonged to the CB Main Informatization Center, transferred to the State Assets Management Agency (UzSAMA).
In response to speculation about a possible sale, the press service of the Gazeta.uz agency stated that the transfer of Humo is not related to privatization. The presence of the interbank processing center on the balance sheet of the Central Bank led to a conflict of interest, UzSAMA stated.
The national payment system was created in September 2018. It was noted then that the absence of a state processing center for processing retail payments reduces the level of security of the national payment system, does not allow for unified integration of the payment infrastructure and leads to the dominance of one monopoly system.
Humo appeared after a major software failure at the only processing center at that time, Uzcard, which is a private structure.
The head of Humo, Shukhrat Kurbanov, explained that the goal of decentralizing the payment system is to prevent anyone from monopolizing the market, but, on the contrary, to enable banks to become independent.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
Strategic partnership, transport corridors, critical minerals and more – Samarkand summit highlights
POLITICS | 19:10 / 09.04.2025
-
Uzbekistan plans to extend visa-free stay for Arab countries to 30 days
SOCIETY | 18:50 / 09.04.2025
-
Uzbekistan and U.S. ink agreements to boost critical mineral projects
SOCIETY | 18:30 / 09.04.2025
-
"Tourists are complaining about poor road conditions" – President slams inaction in tourism development, orders swift infrastructure fixes
SOCIETY | 18:03 / 09.04.2025
Related News

17:56 / 08.04.2025
State-owned stake in Tashkent Railcar Plant handed over to management linked to Russia’s Transmashholding

17:09 / 07.04.2025
Anadolu Isuzu bids for 75% of SamAuto, eyeing control

13:08 / 02.04.2025
Kvarts financial crisis: Government steps in to stabilize Uzbekistan’s largest glass factory

17:59 / 01.04.2025