NEW FEATURES OF PLASTIC CARDS

Central Bank jointly with the Association of Banks of Uzbekistan has developed a new tariff plan, mandatory for all commercial banks and non-bank credit organizations in customer service in the interbank payment system by means of soum plastic cards.

This plan adopted in the framework of the Presidential decree "On additional measures to stimulate the development of the payment system using bank plastic cards".

On the basis of the new tariff, which comes into force on 1 March this year, the accrued interest on the balance amount on the account of plastic cards of individuals should not be lower than the refinancing rate (9%), set by the Central Bank. Until now, commercial banks charged on the remains of plastic cards account one percent per annum of the refinancing rate of the Central Bank.

It was found that individuals are now plastic card - salary, pension, scholarship, family and corporate - on expiry of their validity period will be replaced free of charge by the issuing bank.

Another such innovation - regardless of the issuing bank for the transfer of funds from credit card of an individual on a plastic card of another individual fee is not charged.

Also in the new tariffs have several benefits for businesses. For example, when the emission (issue) of corporate plastic card the amount of banking services has been reduced to 5 euros at the exchange rate of the Central Bank. Earlier this strip was set to 20 euros on the condition of agreement with the client.

Another innovation: in case of damage or loss of corporate card entity and individual entrepreneur in the preparation of the new card shall pay up to 10 euros (previously 25 euros) for the bank’s services.

It will be taken a number of measures to stimulate the development and settlement system with the use of bank cards, expanded possibilities of their use for the public and businesses.

Jahon Information Agency