Tashkent, Uzbekistan (UzDaily.com) -- The National Interbank Processing Center is being created in Uzbekistan.

The Center is created in accordance with the presidential resolution “On Measures for development of the National Payment System” from 19 September 2018.

The head of Uzbekistan instructed the Central Bank to ensure, before 1 July 2019, creation of a full data processing center for functioning of the National Interbank Processing Center, the interbank payment system and the clearing center of the Central Bank of the Republic of Uzbekistan.

According to the document, until 1 January 2020, the Central Bank should launch the National Interbank Processing Center, which will interact between participating banks on local and international bank cards.

From 1 July 2020, all processing centers in the country, including international payment systems, will function through a single gateway of the National Interbank Processing Center.

The President instructed the Association of Banks of Uzbekistan together with commercial banks to ensure the integration and mutual servicing of bank cards of existing processing centers with the National Interbank Processing Center.

Tariffs of banks for the provision of retail payment services are established in accordance with international experience without administrative intervention to ensure cost recovery of banks and promote competition.

Before 1 January 2019, the Central Bank should develop a draft law on payments and payment systems.