Why is this important
Card from 14 years old — financial literacy of adolescents, independence, access to cashless payments.
What happened
- Card independently from 14 years old, up to 14 years old — with the consent of parents;
- Social cards for benefits, business cards for individual entrepreneurs, self-employed;
- Pre-issuance without a name, activation after identification;
- Corporate cards — water and sewage payments.
Card from 14 years old
- Independently: teenagers from 14 years old can apply for a card without their parents — for purchases, transfers, savings.
- Until 14: children receive a card with the written consent of their parents and guardians.
- Why: financial literacy, independence, access to cashless payments (online purchases, transfers).
Social cards
- For whom: needy citizens — recipients of benefits, material assistance.
- Why: targeted payment of benefits without cash, reduction of corruption (excluding intermediaries), transparency.
Business cards
- For whom: individual entrepreneurs, self-employed.
- Why: accepting payments from clients (cashless, via terminal, QR code), separate management of personal and business finances, simplification of accounting.
Preliminary emission
- What is it: payment systems (Humo, UzCard) can issue cards in advance without the cardholder’s name.
- Activation: After user identification (passport, biometrics), the card is activated.
- Why: accelerating card issuance (no need to wait for personalization), reducing bank expenses.
Corporate cards
- Payment for water and sewage services: through mobile applications or on-site.
- March 2025: The Central Bank simplified payment for electricity and gas using corporate cards.
- Why: convenience for companies, reduced cash flow, transparency of payments.
Context
- Financial literacy of adolescents: the card teaches how to manage money, plan expenses, and save money from the age of 14.
- Business cards are a trend: all over the world, individual entrepreneurs and self-employed people use separate business cards (simplification of accounting, taxes).
- Social cards: the practice of developed countries — targeted payments through cards reduce corruption and increase transparency.
- Pre-issuance: accelerates card issuance, reduces bank personalization costs.
