Number of bank payment cards increased

2 years ago tngadmin Comments Off on Number of bank payment cards increased

On December 3, 2019, the National Processing Center for money transfers without opening accounts with the National Bank of Tajikistan was launched. Now, all cross-border transfers without opening a bank account in the Republic of Tajikistan will be carried out by the National Processing Center (NPC) for money transfers without opening an account. Operations are primarily carried out through payment systems connected to the NPC.

The main goal of establishing the NPC is to increase the efficiency of money transfer system, ensure transparency of transactions and minimize transaction risks in order to ensure the stability of the financial and banking sector and create the prerequisites for safe money transfers in the country.

It should be noted that the functioning of the NPC also contributed to increasing the level of financial literacy of population since after the launch of this center the number of bank accounts and bank payment cards increased several times. So, only during the first week of the center's operation more than 32 thousand persons have received bank payment cards, while this indicator used to be 25 thousand payment cards per month.

In general, the launch of the NPC will contribute to increase in the number of bank accounts, deposits, cashless transactions as well as increasing the transparency of the national economy.

Source: National Bank of Tajikistan