Tashkent, Uzbekistan (UzDaily.com) -- Recent changes in Uzbekistan’s legislation, as published on the official lex.uz website, mandate significant adjustments for payment system operators and payment service providers.

According to the new requirements, operators must establish both primary and backup information systems within the republic. The minimum distance between the primary and backup locations must be 50 kilometers for operators of critical payment systems and 5 kilometers for other operators. These new rules present several challenges and tasks for companies in this sector.

Key challenges for companies

Companies involved in payment systems may face several key issues:

Technical Challenges: Setting up new data centers and upgrading security systems requires substantial investments and the implementation of advanced technologies to protect data.

Operational Costs: Companies will need additional funds for the purchase and installation of necessary equipment and the maintenance of new systems. Additionally, companies using existing systems will incur costs for adapting and integrating new solutions into their current infrastructure.

Logistical Issues: Relocating or establishing new data centers will require meticulous planning and coordination to ensure the seamless operation of systems.

Recommendations for companies

To successfully adapt to the new legislative requirements, companies should:

1. Conduct an audit of their current infrastructure to identify areas needing improvement.

2. Carefully review the new legislative norms.

3. Assess all costs associated with adaptation, including the establishment and maintenance of data centers.

4. Consider using white-label solutions for a quick adaptation to local requirements.

White-label refers to a concept where a product or service is produced by one company but used and sold by another company under its own brand. White-label payment solutions from companies like Akurateco are easily adaptable to Uzbekistan’s requirements.

These solutions allow companies to deploy their payment systems on their own servers or cloud providers of their choice while complying with legislation, adhering to high security standards, and minimizing development costs.

Conclusion

New legislative requirements in Uzbekistan demand significant effort and resources from payment system operators. Companies must carefully plan the adaptation of their systems and account for all necessary expenses. White-label solutions can significantly ease this process by ensuring compliance with new standards and enabling efficient operation of payment systems.

Vladimir Kuyanov,

CEO Akurateco