Muzaffar Akramov said that the advantages of the system are simple payment, easy use, high reliability and minimal commissions.

He stated that UZMONEY system will allow users to pay for services of mobile communication operators and internet service providers with minimal commission from own computer.

The system will also allow to pay communal services and fixed telephony services, as well as check own balance in online regime.

UZMONEY user will be able to put money to “wallets” through PAYNET or banking transfer. The system allows to tie “wallet” with banking accounts of individuals and pay services through banking account resources.

UZPAYNET LLC JV has been working in Uzbekistan since 2005. It belonged to foreign and local investors, but in September 2009, Khalq Bank acquired 62.5% stake in the company and other part is owned by foreign investors.