Central Bank develops Taqsim platform to end mandatory payroll bank assignments

The Central Bank has developed a new platform that will allow employees to choose which bank they want to receive their salaries through, ending the long-standing practice of employers effectively determining workers' payroll banks.

Photo: KUN.UZ

According to Spot, citing an informed source who requested anonymity, the system is called Taqsim, which means "distribution" in Uzbek.

Under the current system, employers typically transfer salaries to accounts opened with the company's partner bank, leaving employees with little practical choice but to become customers of that institution.

The Taqsim platform was initially scheduled to launch on June 30, but the rollout has been postponed because several commercial banks were not technically ready to integrate with the new system, the report said.

The project is being implemented under a presidential resolution issued on November 27, 2025, which instructed the Central Bank to create conditions allowing citizens to open bank cards without being tied to a specific bank. The measure is intended to strengthen competition in Uzbekistan's retail banking and payment services market.

Under the roadmap set out in the resolution, the Central Bank was expected to prepare regulatory measures by the end of 2025 granting citizens the right to choose the bank or electronic wallet provider through which they receive their salaries. It was also tasked with developing a mass payment function within the payment systems operated by the Central Bank by June 2026.

Spot said it had sent an official inquiry to the Central Bank seeking comment. However, no response had been received by the time the report was published.