According to data from the Central Bank of Uzbekistan, the transition of fuel stations to cashless payments in the first two days of April has resulted in a significant increase in revenue volume. In March, the average daily revenue of fuel stations was 102.6 billion soums, with 58.1% coming from cash payments and 41.9% from cashless transactions.

On April 1, revenue dropped to 93.2 billion soums, but by April 2, it surged to 152.6 billion soums, substantially exceeding the March average. This growth is primarily attributed to the implementation of cashless payments and their active adoption by consumers.

Currently, nearly 90% of cashless payments are made through existing bank cards. The remaining portion is handled via QR payments, Moment cards from the Uzcard payment operator, and fuel cards from ATTO and Paynet companies. This indicates the availability of diverse payment tools and their competition, which is fostering the development of the cashless system.

The Central Bank notes that banks and payment organizations are actively introducing cashback programs and new tools to promote cashless payments, along with conducting various promotional campaigns. This effort aims to increase the share of cashless transactions in the economy while enhancing financial transparency.

Source: www.gazeta.uz