Central Asia fintech news
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ForteBank changes ForteLeasing buyer, records impairment loss
ABB pays $140 million for 51% of Davr Bank—up from $100 million cited in May
Asia Alliance Bank Registers Uzbekistan's First Foreign Currency Bond Issue
Lion Finance Group considers buying major banks in Kazakhstan and Uzbekistan
Fintech Association of Uzbekistan and Innovance Azerbaijan agree to jointly support startups
Business Lending Outpaces Retail in Kazakhstan Amid Regulatory Cooling
Kazakhstan's unified QR processes 210 billion tenge in first month
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International Bank of Azerbaijan announces stake purchase in Uzbekistan's Davr Bank
Azerbaijan’s largest state bank enters the Uzbek financial market: the agreement was signed at the interstate level, with settlements ahead..
Paynet enters the investment market: company buys stake in GoInvest broker
A subsidiary of the payment service has become the largest shareholder of the stock trading platform..
Fintech Association of Uzbekistan announces partnership with international organization
The association has launched an official collaboration to develop the country’s fintech ecosystem.
Kazakhstan and China agree on memorandum between banking and financial associations
NBK and People’s Bank of China to expand cooperation in regulation and professional development.
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Kaspi.kz completes acquisition of Rabobank A.Ş. in Turkey
A second Kazakh fintech giant expands into the Turkish market with a full banking license
Freedom Holding Completes Turkish Bank Acquisition, Launches Freedom Bank A.Ş. in Turkey
The NASDAQ-listed Kazakh company brings its SuperApp ecosystem model to the Turkish market.
ITFC Allocates $75 Million to Ipak Yuli Bank for Islamic Financing of SMEs and Women's Entrepreneurship
The International Islamic Trade Finance Corporation provided a syndicated credit line to the Uzbek bank to expand Sharia-compliant products.
TBC Bank Group acquires controlling stake in OLX Uzbekistan to integrate fintech services
The Georgian financial group closed a deal to buy Uzbekistan’s largest classifieds platform, gaining direct access to five million users.
ITFC and Hamkorbank close Uzbekistan's largest Islamic trade finance deal
The international corporation and the Uzbek bank launched a $100 million trade finance project
AFK: Factoring could give banks access to 43 trillion tenge of short-term business debt
The Association of Financiers of Kazakhstan has assessed the prospects of supply chain finance as an alternative to collateralized loans for SMEs.
Digital tenge to get legal tender status in Kazakhstan
Legislative norms establishing the legal status of the third form of the national currency come into force on July 18.
QR payment volume in Kazakhstan reaches 8 trillion tenge, surpassing POS terminals
The share of cashless payments in the country has stabilized at 87.6%, with preparation for the launch of a unified interbank QR code becoming the main market driver.
AI startup with roots in Tajikistan raises $17 million for a credit scoring system
Entrepreneur Azizjon Azimi’s solution automates loan issuance and is already operating in 20 countries.
Uzbekistan and Kyrgyzstan Launch Cross-Exchange Cooperation: UzEx Integrates with EVDE
Uzbekistan’s UzEx exchange has partnered with Kyrgyzstan’s EVDE exchange to expand trading in the region.
Kazakhstan Stock Exchange and CAIER Agree on Free ESG Assessment for Issuers
KASE and the Central Asian Institute for Ecological Research have signed a memorandum that will lower barriers to issuing green bonds in Kazakhstan.
Turkmenistan and Azerbaijan Synchronize Banking Standards for the Middle Corridor Route
The countries signed a package of agreements that includes coordination in the financial sector and the harmonization of customs statistics