New payment system for online sales to be launched in Uzbekistan
By Trend
In November, Uzbekistan will launch a new payment system Octo, which allows its users to accept online payments through a website or a mobile application in real time using international plastic cards and electronic money, Uzbek media reported.
The new payment system will accept online payments through international payment systems - Visa, MasterCard, UnionPay, JCB, MIR, as well as Yandex Money and Qiwi. In a month, it is planned to attach UzCard to it as well.
Octo allows to sell products via social networks as well, through links to sales pages. To set it all up, a user needs to register in the system.
As soon a the payment is made, the money is frozen in the system, until the buyer receives the purchase. After that, the money is released into the seller's account. This would ensure full consumer protection.
Octo is currently working in Russian, English, Uzbek and Chinese.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!