Tajikistan reissues Visa’s payment-system operator licence

The National Bank of Tajikistan has issued Visa International Service Association a new licence to operate as a payment system operator.

The bank said the decision followed a Board resolution and relied on Tajikistan’s laws governing the National Bank, licensing, payment services and payment systems. The notice was published on 27 July 2026.

The notice also revoked Visa’s earlier payment-system operator licence, issued under Board Resolution No. 63 dated 16 April 2021. It does not provide a separate licence number for the replacement, a validity period, an effective date, territorial scope or conditions attached to the new authorisation.

The change is a licence replacement recorded by the national regulator.

Visa’s authorisation under the 2021 resolution no longer applies, while the notice identifies a newly issued licence as the basis for its operation as a payment system operator.

The National Bank’s notice does not describe a transition period or any interruption to Visa scheme processing. It also does not set out reporting requirements, new compliance conditions, technical changes for connected banks or instructions for payment service providers participating in the system.

For Visa, the immediate control point is the regulatory record supporting its operator status in Tajikistan. Banks and PSPs connected to the Visa system should retain the notice with their licensing and scheme-governance files, verify whether their internal registers refer to Resolution No. 63 and await any separate instruction from the National Bank or Visa on documentation and operational procedures.

The regulator’s statement is attributed to its Press Division and contains no named Board member or individual official. It gives no explanation for the replacement and does not identify a policy dispute or change to payment-system conditions.

The notice does not specify when the new licence takes effect or the precise point at which the 2021 licence ceases to apply beyond recording its revocation. Visa and connected PSPs should treat the publication as the operative regulatory record while monitoring the National Bank for the replacement licence’s number, duration, conditions and any implementation instruction.