Tashkent, Sept. 18 -- The delegation of the Russian Federation headed by the Chairman of the State Development Corporation "VEB.Russian Federation " Shuvalov I. I. inked an agreement with the National Bank of Uzbekistan on Financial Message Transmission System (FMTS).

FMTS is a specialized channel for transmitting electronic messages on financial transactions (similar to the well-known SWIFT). The system guarantees proper operations between Russian and foreign correspondent banks linked to the system for international payments.

At the same time, the system would create additional convenience in customer service, modernize settlement and payment processes on an innovative basis, reduce interbank communication costs, and diversify opportu...