Paysend Launches Payouts To Humo And Uzcard Cards, Enabling Businesses To Send Cross-Border Payments To Uzbekistan

Today, Paysend has taken a major leap in expanding cross-border transfer opportunities to Uzbekistan for banks, digital wallets, and remittance businesses. The new launch unlocks instant payouts directly to Uzbekistan’s leading local card schemes, Humo and Uzcard, expanding Paysend’s existing support for Visa and Mastercard payments in the region. This launch empowers fintechs to take full advantage of Paysend's single API with existing coverage in 170+ countries. Businesses can seamlessly integrate Uzcard and Humo card payouts into their operations, benefiting from 24/7 access to real-time FX rates and status notifications, ensuring their payment needs are fulfilled anytime, anywhere.

This expansion marks another milestone in Paysend’s mission to simplify cross-border payments by creating the world's biggest open, instant digital payment network. With a single connection to 12B+ cards worldwide through Visa, Mastercard, and UnionPay, Paysend offers an unmatched reach for enterprise clients.

Over 2 million Uzbeks live abroad and remittances hit $2.5 billion in Q1 2024 alone—an 8.6% year-over-year increase, signifying that the demand for fast, affordable transfers is higher than ever. Yet options remain limited in Uzbekistan, with SWIFT payments typically taking three to five days, and many recipients still relying on cash pick-ups—slower, less secure, and often more expensive. Paysend solves this by enabling low-cost, instant payouts directly to local cards—available 24/7 with real-time FX rates and notifications.

For enterprise clients, integration is frictionless through Paysend’s single Payout to Cards API. Businesses can now process instant and secure transfers to Uzbekistan, significantly reducing transaction times and costs, with no hidden fees and competitive FX rates. Existing clients can access the new feature immediately without additional integrations. New partners can easily get started via the Enterprise sandbox, supported by a dedicated integration team, with setup taking just a few weeks - reducing time-to-market and technical complexity.

One of Paysend’s Enterprise clients, Gmoneytrans, shared positive feedback following the launch. As South Korea’s first licensed and largest remittance provider, Gmoneytrans enables real-time transfers to all Korean banks through its advanced API—and now supports instant payouts to Humo and Uzcard cardholders in Uzbekistan through its partnership with Paysend.

“With Paysend’s single API, businesses can access all card schemes and deliver real-time transfers with confidence,” said Jong Moo Kim, CEO and Founder of Gmoneytrans. “We’re committed to expanding global access to fast, secure, and affordable remittances—especially for foreigners in South Korea.”

Abdul Abdulkerimov, Paysend’s Founder and Executive Chairman, added:

“We are delighted to expand Paysend’s Enterprise network to include payouts to local Uzcard and Humo cards in Uzbekistan—one of Central Asia’s most rapidly growing markets. This expansion underscores our commitment to offering our customers the most extensive global reach and enhancing the efficiency of cross-border payments to build the world’s largest digital payment network.”

Are you a fintech or established corporation looking to access the Paysend Payment Network—spanning 12B+ cards, as well as bank accounts and wallets?

Visit https://paysend.com/business/enterprise to get started. Our team will be in touch.

About Paysend

Paysend is building the world’s biggest digital payment network, unifying over 20 billion endpoints into a single global, open and instant payment network. As a global financial technology company, Paysend enables fast, simple and low-cost international money transfers. With millions of customers worldwide, Paysend provides borderless payments that help people connect financially no matter where they are. The Paysend app allows users to send money to over 170 countries instantly, with competitive rates and innovative Open Banking solutions.

Created in 2017, Paysend is a UK based next generation integrated global payment ecosystem. It enables consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend is now a leading international money transfer service that enables individuals and businesses to send funds securely, quickly, and cost-effectively to over 170 countries worldwide. Paysend has its own network of banks and international and local payment systems, providing a seamless and transparent money transfer experience through its innovative technology and user-friendly mobile app. For further information visit https://paysend.com 

Jairo Riveros

Last week, Google announced its support for passkeys and this has drastically increased interest in passkey technology. However, it has also raised many questions, with the main one being: are passkeys more secure than passwords, and if yes, how?

Sorin Manole, product strategist at NordPass, explains:

When a user is creating an online account on a website, the password they come up with is saved on that website’s server, which might be cloud-based or physical. If a hacker is capable of getting into the server, they can reach the users’ login credentials (which sometimes, unfortunately, are even unencrypted), and use them for various malicious purposes.

Passkeys, on the other hand, are developed in a way that directly solves the password issue. When an account is being created on a website, your device generates a pair of related keys: public and private. The first one — the private key — is saved on your device. The second — the public key — is stored on the website’s server. Without one another, private and public keys do not work and therefore are useless to hackers.

While in the tech world nothing is 100% secure with constantly developing hacking technologies, it is less likely that a website’s server would get hacked and your phone or laptop stolen at the same time. Even if your device is stolen or hacked, the passkey on your device (private key), cannot be accessed without biometric identification (of the device's owner) or a PIN which adds extra protection.

The passkey itself is a very long combination of various numbers, letters, and symbols. Compared to a password, a passkey is never created by the user and is always generated automatically.

How can you manage your passkeys?

Currently, if a user chooses passkeys to log in to their Google account from a laptop or a mobile phone, their device generates a private key (one of the two keys used in passkey technology) and stores it within. This way can be convenient when using devices of the same ecosystem.

Alternatively, a user can create a passkey in the password manager, and then use it across different devices and operating systems. To date, there are very few password managers, including NordPass, offering the functionality to store and manage passkeys in their platforms instead of a device. Other password managers have also promised to deliver this feature later this year. NordPass users can also already share passkeys with other NordPass users.

What are other reasons to adopt passkey technology?  

1. Internet users continuously use very poor passwords. According to NordPass research, the “password” is now the world’s most common password, pushing the former annual winner “123456” to second place.
    
2. When it comes to businesses, the situation is not much better. According to NordPass, as many as 32% of the wealthiest businesses’ passwords reference the company, i.e., the company name, part of it, the email domain, or the company’s product.
    
3. To make matters worse, even C-level executives are not adhering to good password hygiene. Among the different roles of business executives is a visible trend to use easily hackable passwords that mainly include sequential combinations of numbers or letters. These include but are not limited to “1q2w3e,” “12345,” “11111,” and “qwerty.” The winner in all categories remains “123456,” with the password “password” coming in second. 

Emilija Gaivenyte
nordpass.com