BAKU, Azerbaijan, June 20. The Central Bank of Uzbekistan hosted a meeting with a delegation from Mastercard led by the company's Vice President Gokberk Bicakci, Trend reports.
The meeting focused on the current state of cooperation and provided preliminary findings from the first phase of a research project conducted under the joint memorandum.
It was noted that as a result of the research on the payment services market, proposals were made for the further development of this market and an increase in the share of non-cash payments.
The parties emphasized the importance of countering cyberattacks, enhancing cybersecurity measures, and raising awareness among banking professionals and the general population.
On July 22, 2022, the Central Bank of Uzbekistan signed a Memorandum of Understanding on cooperation with Mastercard. The document is aimed at expanding bilateral relations in the field of activity of the two organizations.
In addition, it serves to increase the knowledge and experience of employees in the field of payment systems, cybersecurity, as well as financial literacy through joint technical consultations, training, seminars, and expert visits.