29 March 2017
7% decline in failed transactions of December
7% decline in failed transactions of December

According to the latest data released by SHAPARAK system, 1.2 billion transactions were done over POS, internet, and mobile terminals during December, out of which, one billion transactions were successful and the other 200 million were failed.

KYC in Turkmenistan and Uzbekistan
SWIFT's KYC in Turkmenistan and Uzbekistan

Banks in Uzbekistan and Turkmenistan are going to use a centralized repository, known as Swift’s Know Your Customer (KYC) Registry. This system improves core system processes of these banks to maintain a standardized set of information about correspondent banks, funds distributors and custodians required for due diligence processes.