Kyrgyzstan and Uzbekistan will create a unified payment ecosystem: "Elkart" — UZCARD

On October 24, 2024, as part of UZCARD FORUM-2024, a memorandum of cooperation was signed between UZCARD and the NPS operator "Elkart." Thus, the heads of national payment systems confirmed their readiness to launch a large-scale joint project that will enable mutual acceptance of payments in the territories of two countries: Elkart cards in Uzbekistan, and UZCARD in Kyrgyzstan.

The memorandum aims to create inter-system integration by simplifying cross-border transactions for cardholders of both countries, implementing modern technologies in cross-border payments, promoting new digital solutions, and enhancing financial literacy among citizens of both countries.

Inter-system integration of national payment systems will open up new opportunities not only for the financial infrastructure of the two countries but also provide a new impetus for the development of mutual trade, tourism, and economic cooperation in many other sectors of Kyrgyzstan and Uzbekistan.

Source: ipc.kg