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Uzbekistan records monthly increase in bank cards issued into circulation

Uzbekistan Materials 4 May 2023 19:45 (UTC +04:00)
Uzbekistan records monthly increase in bank cards issued into circulation
Nazrin Babayeva
Nazrin Babayeva
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BAKU, Azerbaijan, May 4. The number of bank cards in circulation in Uzbekistan amounted to 36.5 million, as of April 1, 2023 - an increase of 2.2 percent, compared to the beginning of the previous month, Trend reports via Uzbekistan’s Central Bank (CBU).

As of the beginning of April 2023, Xalq Bank by issuing 7.6 million ranked first. Followed by Agrobank – 4.05 million, Ipoteka-bank – 3.1 million, National Bank – 3.2 million, and Ipak Yuli Bank – 2.2 million.

According to CBU, among the 33 banks of Uzbekistan, the smallest number of cards issued into circulation was registered in Uzbekistan’s Uzagroeksportbank – 1,414.

Uzbekistan is constantly developing its financial sector. In particular, contactless payment systems have been introduced over the past few years, and there is also an increase in the number of bank cards used.

Meanwhile, as of March 1, 2023, in Uzbekistan, the number of bank cards in circulation reached 35.7 million, which is an increase of 28.4 percent year-on-year (as of March 1, 2022 –27.8 million).

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