The guidance addresses P2P transfer functionality in mobile payment applications, which is core mobile payments infrastructure and user experience regulation.
The update involves payment organisations and commercial banks implementing transaction purpose indicators for P2P transfers, which relates to payment processing and network system messaging standards.
Specialism
The guidance addresses transaction purpose indicators for P2P transfers, which relates to data governance and record-keeping requirements for payment transactions, though the focus is primarily on voluntary implementation and user convenience rather than strict regulatory compliance.
The update promotes competition among payment platforms and cashless transaction expansion, which touches on competition policy, but lacks specific anti-competitive enforcement or market dominance concerns typical of Competition and Antitrust regulation.
Keywords
марказий банк хабарномаси
2026-03-06 10:49:35·rghosh@vixio.com
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TITLE: Uzbekistan's Central Bank Issues Guidance on P2P Transaction Purpose Indicators in Mobile Applications
BODY:
On March 5, 2026, the Central Bank of Uzbekistan (CBU) issued guidance to commercial banks and payment organisations regarding the implementation of transaction purpose indication functionality for peer-to-peer (P2P) transfers conducted through mobile applications.
The guidance was issued in implementation of Presidential Decree PF–246 dated December 10, 2025. The CBU's Payment Systems Department has requested that commercial banks and payment organisations submit proposals and recommendations for enhancing this functionality, taking into account their individual technical solutions, user interface design preferences, system architecture, and specific technical capabilities.
The CBU clarified that commercial banks and payment organisations may voluntarily implement the transaction purpose indication feature for P2P transfers in their mobile applications according to their internal policies and technical capabilities. They may expand the proposed parameters, reduce them, or modify them based on their individual circumstances. The implementation approach allows for flexibility while maintaining user convenience and application functionality.
The primary objective of these enhancements is to foster healthy competition among online platforms and expand the scope of cashless transactions. The CBU anticipates that improved functionality will create more convenient services and benefits for users of commercial bank and payment organisation mobile applications. Following the development of an enhanced mechanism, the CBU will issue additional guidance on implementation procedures.
**Reference:**
Central Bank of Uzbekistan Press Release, March 5, 2026