To Commercial Banks
To Payment Organizations
Within the framework of ensuring the implementation of the Decree of the President of the Republic of Uzbekistan dated December 10, 2025, No. PF-246, a letter No. 38-02/266 dated February 17 of the current year was sent assigning the task to introduce a function for indicating the purpose of the transaction in P2P transfers carried out through mobile applications.
As an additional clarification to the above-mentioned letter, the following is communicated.
In order to further improve this direction, while preserving the convenience of user interfaces and individual technical solutions of mobile applications, and taking into account their specific architecture, technical capabilities, and the individual features of each bank’s mobile application, commercial banks and payment organizations are requested to submit their proposals and comments to the Payment Systems Department of the Central Bank.
At the same time, in order to enhance the convenience of digital services for customers, commercial banks and payment organizations may introduce the function for indicating the purpose of transactions in P2P transfers within mobile applications on a voluntary basis, based on their internal policies and technical capabilities, including expanding it with new parameters or reducing the proposed ones.
After an improved mechanism on this matter is developed, additional information will be provided separately.
The main objective of the proposed changes is to promote healthy competition among online platforms and to expand the scale of cashless payments. This, in turn, will contribute to the development of more convenient services and advantages for users of commercial bank and payment organization applications.
