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Uzbek customers may cancel payments on POS terminals now

Business Materials 20 July 2018 10:22 (UTC +04:00)

Baku, Azerbaijan, July 20

By Fikret Dolukhanov – Trend:

National processing center of Uzbekistan UzCard has launched the function of canceling the operations on all POS terminals, the company's press service stated.

This function will be available on all UzCard’s POS terminals that support the multifunctional software of the International Payment System.

The function will allow canceling erroneously performed operations on the terminal or payments if the customer wants to return the goods purchased.

UzCard noted that any operation that was carried out with the plastic cards of UzCard during the day can be canceled before closing the current shift on the terminal.

In early June 2018, UzCard and UnionPay International (China) signed an agreement on issuing co-badged cards. The agreement signed between the two companies allowed using new cards both on the territory of Uzbekistan, under the UzCard payment system, and outside the republic, under the UnionPay International payment system.

On the other hand, VISA company recently announced that it does not plan to issue co-badged cards soon jointly with the national processing center of Uzbekistan UzCard.

VISA underlined that they cooperate with financial institutions and business partners in Uzbekistan in a number of areas related to development of non-cash payments, but creation of a co-badged card is not among these areas.

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Follow the author on Twitter: @FDolukhanov

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