BC Card Connects Payment Networks Between Korea and Uzbekistan

Signing of the Main Contract with Uzbek State-Owned Payment Operator

BC Card announced on the 26th that it will directly connect the card payment networks between South Korea and Uzbekistan.

At the signing ceremony for the main contract of the card payment network connection project held in Tashkent, Uzbekistan on the 23rd (local time), key officials including Choi Won-seok, President of BC Card, and Mukitdinov Maksad, Vice President of NIPC, attended. NIPC is a state-owned payment operator under the Central Bank of Uzbekistan, operating the card brand "HUMO" and handling payment clearing services for 32 local banks.

Choi Won-seok, President of BC Card (left), and Mukitdinov Maksad, Vice President of NIPC, participated in the signing ceremony of the main contract for the interconnection project of the card payment networks between the two countries held on the 23rd (local time) in Tashkent, Uzbekistan, and took a commemorative photo. [Image provided by BC Card]

With the full-scale start of collaboration, Uzbek citizens will be able to withdraw cash with their HUMO cards from ATMs installed in South Korea without separate currency exchange or remittance. For example, Uzbek workers residing in South Korea can withdraw Korean won from their accounts in their home country through HUMO cards at domestic ATMs. At ATMs installed in Uzbekistan, cash in the local currency "sum" can be conveniently withdrawn using BC Card.

Overseas payments for citizens of both countries will also become more convenient. South Korean citizens visiting Uzbekistan with domestic-only cards will be able to travel conveniently throughout the country. BC Card will operate a BC Card payment booth at the first Dalkom Coffee store in Tashkent, the capital of Uzbekistan, on the same day to allow Koreans visiting Uzbekistan to directly experience the convenience brought by the connection of the two countries’ payment networks, in collaboration with the K-beauty brand "ISOI".

Mukitdinov Maksad, Vice President of NIPC, said, "It is very encouraging that 27 million HUMO card customers and 36 million BC Card customers can conveniently and efficiently use their domestic cards in both countries," adding, "The connection of the card payment networks between the two countries is expected to not only expand tourism sales for small business owners in Uzbekistan but also significantly enhance the payment and financial transaction convenience for Uzbek citizens residing in South Korea."

Choi Won-seok, President of BC Card, stated, "This collaboration will provide payment infrastructure that promotes expanded exchanges between the two countries," and added, "We will continue to actively support the smooth progress of the card payment network connection project between the two countries."

This content was produced with the assistance of AI translation services.