Central Asia fintech news
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National Bank of Kazakhstan sets July 19 deadline for banks to connect to unified QR
The regulator’s head, Timur Suleimenov, confirmed there will be no exceptions for anyone, but the question of fines for missing the deadline remains open.
Bill on Tashkent Financial Center based on English law submitted to the Senate
The lower house of Uzbekistan’s parliament has approved the creation of the TIFC and an independent commercial court. Launching the hub will require amendments to the Constitution.
ANORBANK and Startup Redeem Launch AI Platform for Corporate Payments
The Uzbek bank is integrating a solution from a Tashkent-based startup to automate business payments for fuel and services. The system replaces plastic cards and manual invoicing.
Bank CenterCredit Launches UnionPay QR Payments Abroad and WeChat Pay in China
The Kazakhstani bank has added a feature to its mobile app for scanning Asian payment terminals.
Kazakhstan Stock Exchange Unveils Digital Asset Platform
KASE is preparing infrastructure for the issuance and circulation of DFAs with the participation of the National Bank.
Uzbekistan's Mikrokreditbank Announces Opening of Custodial Account with BNY Mellon
According to the bank, the new infrastructure should accelerate settlements for international securities, but product details for clients have not yet been disclosed.
UAE's Abu Dhabi Commercial Bank Registers New Subsidiary in Kazakhstan
The UAE investor has established a universal bank, capitalized it with 20 billion tenge, and plans to develop Islamic financing.
Fitch Upgrades Outlook for Microcreditbank Following Uzbekistan's Sovereign Rating
The international agency improved the outlook for seven state-owned banks in the country. The assessment relies on state support rather than the banks’ independent performance.
Kazakhstan's Freedom Bank Connects to Tajikistan's Unified QR
The bank’s clients can pay for purchases at 31,051 retail locations in the neighboring country via the app. The conversion from somoni to tenge and the exchange rate are displayed before the payment is confirmed.
Uzbekistan Positions Central Asia as an Independent Financial Hub: What It Means for the Market
President Shavkat Mirziyoyev announced the region’s transformation into an independent center of economic growth. For the financial sector, this is a political signal that could be followed by the localization of payment infrastructure.
Halyk Bank Prepares to Launch AI Assistant, Crypto Card, and Islamic Products
Kazakhstan’s largest bank is changing its retail business metrics, shifting focus to daily app audience and ecosystem usage frequency.
Halyk Bank Completes Acquisition of Online Cash Register Service re:Kassa
Kazakhstan’s largest bank has become the direct owner of the fintech company, integrating it into its business services ecosystem.