Tashkent, Uzbekistan (UzDaily.com) -- In accordance with the concept of digital banking development in the Republic of Uzbekistan, the Central Bank of Uzbekistan together with commercial banks launched the universal standardized payment service “QR-online” based on the QR code (“Quick Response Code”).

Under this system, trade and service enterprises (business entities), through the commercial banks serving them, form and register a QR code. Buyers pay for goods and services by scanning the seller’s QR code and entering the purchase amount in the mobile application of the payment service provider, while funds are withdrawn from bank card accounts and electronic wallets tied to the application.

Trading and service enterprises can track the receipt of funds online through the QR-online system via the @onlineqrbot channel in Telegram via a bank personal account, or by SMS. Unlike alternative services, this system is developed in accordance with international standards and works in conjunction with the Central Bank's Clearing Settlement System.

It is expected that the new service of banks will be in demand by organizations engaged in activities in the areas of goods delivery and passenger transportation, as the most convenient means of accepting payments using a QR code without using terminals.

Currently, in Tashkent, during the implementation of the QR-online system, commercial banks have provided more than 3 thousand QR stickers to commercial and service enterprises.

Full implementation of the QR-online system in the payment services market will serve to improve the quality of payment services provided, expand the range of cashless payments, and also ensure the stability of payment systems, which is one of the strategic goals of the Central Bank.