TRANS Asian Journal of Marketing & Management Research
  • Year: 2021
  • Volume: 10
  • Issue: 4

Prospects for the development of retail payments through bank cards in Uzbekistan

12nd Year Master’s Student, Tashkent Institute of Finance, Uzbekistan

2Senior Teacher, Department of “Banking Accounting and Auditing”, Tashkent Institute of Finance, Uzbekistan

Online published on 8 June, 2021.

Abstract

The article discusses the types of plastic cards. Debit card and credit card concept. The history of the development of plastic cards in the world and in Uzbekistan has been studied. The market of plastic cards in the republic of Uzbekistan has been studied. The main conditions for the development of the market of plastic cards are considered. The role of payment systems in the development of the economy as a whole has been studied, in particular when making payments between banks.

Keywords

Payment System, Retail Payment System, Plastic Cards, Debit Bank Card, Credit Bank Card