Deputy Chairman of the Central Bank of Uzbekistan, Nodirbek Saydullayev, addressed the safety of storing large amounts of money on plastic cards during a media dialogue focused on reducing cash circulation and developing digital services. He emphasized the critical importance of protecting personal data, stating that if citizens do not disclose their card information, including OTP codes, to anyone, no one can withdraw funds from their accounts. Saydullayev likened a card to a passport, urging owners to safeguard it as a valuable document.

Saydullayev added that currently, every commercial bank in Uzbekistan has implemented anti-fraud systems in their mobile applications. He also reminded the public to avoid opening unknown APK files from external sources, as they may contain malicious software. For individuals who consider themselves overly trusting, he advised against linking cards to any mobile apps, suggesting instead the use of cash or terminal payments to mitigate risks.

Minister of Economy and Finance, Axadbek Xaydarov, provided practical advice to prevent financial fraud. He recommended using separate cards for main savings and daily expenses: placing a small amount on a regular card for everyday spending, keeping it in a mobile app, while the primary card with larger funds should not be linked to apps, with only SMS notification services enabled. This strategy helps reduce the risk of fraudulent activities.

Deputy Chairman of the Tax Committee, Jahongir Abdiyev, highlighted the convenience and security of cashless payments. He explained that storing large sums on cards is easier and safer than holding cash, using an example: 600 million Uzbek soums on a card are more secure than in cash form, as theft is more difficult. Abdiyev further noted that in case of loss, the Central Bank is not liable, as it falls under the citizen's personal responsibility.

It is worth recalling that starting from April 1, 2026, transactions involving real estate and vehicles in Uzbekistan will be conducted exclusively through bank cards or electronic payment systems. Additionally, payments for goods and services exceeding 25 million soums, fuel purchases, and other operations will also transition to cashless forms, as part of efforts to advance the digital economy in the country.

Source: www.gazeta.uz