Regulatory Alerts2017-05-22 | 7-А/4Added · Updated
Resolution of the Board of the Central Bank of Uzbekistan on Approving the Regulation on the Activity of the Interbank Universal Retail Payment System GlobUzCard
The Board of the Central Bank of Uzbekistan approved the Regulation governing the activity of the interbank universal retail payment system GlobUzCard, which establishes the legal framework for its operation. The document defines key terms, membership requirements, and obligations for banks, the Settlement Bank, and the Processing Center. It outlines the structure and powers of the Coordinating Council, including procedures for admitting or excluding member banks and resolving disputes. The resolution entered into force on May 22, 2017, and was subsequently repealed by Resolution No. 2/7-1 dated February 5, 2020.
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