South Korea's BC Card said on Monday that it signed a contract with Uzbekistan's state-run payment operator National Interbank Processing Center (NIPC), on August 23 in Tashkent, to connect the card payment networks between the two countries.
The two companies plan to develop infrastructure that will enable Uzbek nationals to withdraw cash from ATMs in South Korea using NIPC-branded cards without the need for currency exchange or remittance.
This development is expected to greatly enhance financial transactions for Uzbek workers and students residing in South Korea.
PayNet Group CEO Farhan Ahmad (from left), Ambassador of the Republic of Korea to Malaysia Yeo Seung-bae and BC Card CEO Choi Won-seok take a photo at the ceremony of the launch of South Korean credit card issuer’s QR payment service in Malaysia (Courtesy of BC Card) South Korea’s c
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