Installment sales under new rules
Starting from January 1, 2027, the activities of payment service operators will be regulated by the Central Bank. The new rules provide for the inclusion of operators in a special register, limiting the payment term and the amount of additional fees to 12 months, as well as the right of consumers to pay early without penalties and commissions.
Presidential Decree No. PQ-294 of August 14, 2026, established new measures aimed at improving the system of providing fixed-term payment services to the population.
**Main objectives:**
* Regulation of fixed-term payment services.
* Establishment of the activities of fixed-term payment service operators from January 1, 2027.
**Concept of fixed-term payment service:**
A fixed-term payment service is understood as the payment of the cost of goods (works, services) to the seller by a legal entity instead of an individual (consumer). It is assumed that the consumer will subsequently reimburse the amount paid, together with the accrued brokerage fee (surcharge), based on the terms of the fixed-term payment (except for cases of direct sale by the seller to the consumer).
**Term payment service operators:**
* Legal entities, except for banks and microfinance organizations, engaged in the provision of term payment services, are recognized as term payment service operators.
* The right to carry out this activity arises after the legal entity is included in the relevant Register formed by the Central Bank.
* Real estate, as well as other property withdrawn from circulation or restricted in circulation in accordance with the law, cannot be the object of a term payment service.
**Requirements for term payment service agreements:**
* A term payment service operator is prohibited from granting financial consumer loans and attracting funds from individuals (except for the issuance of bonds).
* They must comply with the prudential regulations and requirements of the Central Bank regarding the implementation of regulation and control, as well as digital identification and verification of customers.
**Changes for organizations providing consumer credit:**
The following rule will be introduced for organizations providing consumer credit (except for manufacturing enterprises) with a turnover of goods (works, services) exceeding 500 million soums at the end of the quarter and the share of installment payments in it is 50% or more:
* Starting from January 1, 2027, information on consumer credit agreements worth up to 3 times the MLM and the status of their execution will not be required to be submitted to credit bureaus.
This document was published in the National Database of Legislative Information and entered into force on August 17, 2026.
Lola Abduazimova