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Telecommunications operators in Uzbekistan to be allowed to pperate as payment organizations without creating separate legal entities
Tashkent, Uzbekistan (UzDaily.com) — Telecommunications operators in Uzbekistan will be allowed to engage in payment organization activities based on a license, without the need to establish a separate legal entity. This was announced by Sodir Melibaev, Deputy Chairman of the Central Bank.
In addition, the requirement for banks to obtain a license for operating a payment system will be abolished. Instead, a new notification procedure will be introduced.