TASHKENT, Uzbekistan, March 31. Uzbekistan’s
national payment system HUMO and Mongolia’s Takara Solutions, a
subsidiary of Mongol ID Holdings, have signed a memorandum of
understanding to develop cross-border payment solutions between the
two countries, Trend
reports via HUMO.
The signing ceremony was attended by Ambassador Extraordinary
and Plenipotentiary of Mongolia to Uzbekistan Batbaatar Daadankhuu
and Trade Adviser at the British Embassy in Tashkent Komila
Khamidova, highlighting the international scope of the
partnership.
According to the statement, the first phase envisages the launch
of mutual acquiring, allowing HUMO cardholders to make payments in
Mongolia and users of Mongol ID services to pay in Uzbekistan.
In subsequent stages, the sides plan to ensure interoperability
of QR-code payments.
The initiative is aimed at simplifying cross-border transactions
and promoting the development of cashless payments, creating new
opportunities for both consumers and businesses.
