Central Bank: Four Payment Organizations Warned of Strict Measures for Rule Violations

Tashkent, Uzbekistan (UzDaily.com) — In January 2026, the Banking Supervision Committee of the Central Bank held six meetings, during which 27 issues were reviewed and corresponding decisions were made.

In the area of registration and licensing, 17 issues were discussed. These included amendments to the charters of credit institutions (four cases), issuance of permits for ownership stakes in bank share capital (two cases), licensing of payment organizations (three cases), as well as approval of candidates for supervisory boards and management boards of commercial banks and key personnel (five cases).

Based on requests from companies, microfinance organizations BARAKA BIZNES HAMKOR MIKROMOLIYA TASHKILOTI and EFFECTIVE MONEY MIKROMOLIYA TASHKILOTI were removed from the registry.

The license of the payment organization IT UNISOFT GROUP JSC was also revoked at the company’s request.

Additionally, the committee reviewed ten issues related to the financial condition of credit institutions. Focus was placed on compliance with the Central Bank’s prudential regulations, the results of inspections of banks and microfinance organizations, the protection of consumer rights in banking services, and adherence to requirements by payment organizations.

Four payment organizations were issued warnings regarding the application of strict measures for non-compliance, while seven banks and one microfinance organization were fined for violations of legislation related to corporate bank card services and deficiencies identified during inspections.

It was noted that previously implemented measures to address deficiencies had proven insufficient. For example, YANGI BANK JSC failed to raise its charter capital to the minimum level required by law and did not comply with several banking regulations, resulting in the revocation of its banking license.