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Central Asia fintech news

Market updates on regulation, banking products, payments, deals and digital services across Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan and Azerbaijan.

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Kazakhstan cuts rates as inflation falls below 10%, and 4 other stories of the week

August 30 – September 6: Rate easing in Kazakhstan, yuan bonds on AIX, Single QR expansion in Uzbekistan, and other market events

Kazakhstani banks may get tax agent status to automatically withhold social payments for the self-employed

Draft amendments to the Tax Code propose that banks withhold and transfer social payments directly upon receiving payment through an app.

Kazakhstan proposes automatic deduction of self-employed social payments via banking apps

The Ministry of National Economy has drafted Tax Code amendments granting banks and marketplaces new fiscal functions.

Markets in Kazakhstan: What happened in August

A contextual breakdown of the month’s main financial sector themes: macroeconomics, banks, and exchange infrastructure

Lion Finance Group considers buying major banks in Kazakhstan and Uzbekistan

Bank of Georgia’s parent company plans regional entry by acquiring top-5 players

Kazakhstan's ARDFM Proposes Allowing Non-Public JSCs Without a Board of Directors

The regulator plans to introduce an intermediate business form between an LLP and a public joint-stock company to simplify option issuance.

KASE Proposes Stronger Self-Regulation for Kazakhstan's Stock Market

The exchange presented a concept for a regulatory committee to handle first-line supervision of issuers and trading

Directory pulse: August 24–31 week

What happened in the Central Asian fintech market during the last week of summer

Central Asian regulators choose technical integration of payment systems over unified legislation

Regional countries abandon the idea of a supranational regulator in favor of QR code interoperability and open banking

Kazakhstan plans to exempt QR payments and mobile transfers from VAT

The government is discussing expanding tax exemptions to all types of digital payments under the new Tax Code

Business Lending Outpaces Retail in Kazakhstan Amid Regulatory Cooling

Entrepreneurs secured 22 trillion tenge over the past year as consumer loan growth steadily slowed.

Halyk Bank builds a superapp: why Kazakhstan's largest bank needs an Islamic window, a crypto card, and AI

The country’s largest bank is changing its customer retention strategy. The Islamic finance announcement complements plans to integrate digital assets and smart assistants.