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Title: The Banking System of the CIS Countries: Where Are International Transfers More Profitable: Octobank, Kaspi, T-Bank

Uzbekistan, 10 March 2025 - In 2025, international money transfers remain a highly demanded service for CIS citizens. Many send funds to their families, pay for education and medical treatment, or conduct business transactions. However, transfer conditions, fees, and processing speeds vary depending on the country and bank. In this article, we will analyze the most cost-effective ways to send money abroad using banks from Uzbekistan, Russia, and Kazakhstan, comparing fees, convenience, and transaction speed.Uzbekistan: Octobank – Reliable International Transfers via Visa Direct and SWIFTIn Uzbekistan, Octobank offers two primary methods for sending money abroad: Visa Direct and SWIFT.Visa Direct – Instant Transfers to Visa CardsThis service allows sending money to Visa cards in 180 countries worldwide without opening foreign currency accounts. The system automatically converts the amount into the recipient’s currency.Fees:1% (min. $2.40) for transfers from Octobank Visa cards.2% (min. 40,000 UZS) for transfers from Uzcard.1.5% (min. 40,000 UZS) for transfers from Humo.Speed: Instant.Advantage: Convenient management via the Octo-Mobile app.SWIFT – Traditional Bank Transfer for Large TransactionsSuitable for tuition fees, medical expenses, or international business transactions.Fees:0.4 BMA + 0.5% of the amount for transfers in USD or EUR to other Uzbek banks.3 BMA + 0.5% of the amount for international transfers.Speed: Up to 7 business days.Limits: Equivalent to 100,000,000 UZS for personal transfers, no limits for non-residents' accounts.Conclusion: Visa Direct is the most convenient and fastest option for private transfers, while SWIFT is a reliable choice for large transactions.Russia: Convenient Transfers via T-BankIn Russia, international tr...

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