Residents of IT Park Uzbekistan will be able to enter the international market through Octobank's internet acquiring

Makhliyo Muksinova, Director of Export Development at IT Park University, and Pavel Limorenko, Director of the E-commerce Department at Octobank, signed a memorandum of cooperation. Now, residents of the IT Park Uzbekistan tech park will be able to accept payments from all over the world using Octobank's internet acquiring. This will facilitate the entry of Uzbek IT companies into the international market.

Octobank is a universal bank that has been operating in the Uzbek market for over 20 years. The bank develops digital services and acquiring. At the E-commerce Central Asia Expo forum, Octobank received the award for "Leader of the Acquiring Bank in E-commerce in Uzbekistan in 2024."

As part of the cooperation, Octobank will provide payment infrastructure for cross-border settlements for gaming services and startups of the tech park developing SaaS solutions. This collaboration will allow IT Park Uzbekistan residents to access fast and secure international payments, significantly simplifying their operations in the global market and increasing their competitiveness.

The cooperation between IT Park Uzbekistan and Octobank opens up new prospects for Uzbek IT companies, providing them with modern tools for entering foreign markets and strengthening their positions in international e-commerce.

Source: IT Park Uzbekistan