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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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Islamic finance volume in Uzbekistan's MFOs grows eightfold

Islamic finance volume in Uzbekistan's MFOs grows eightfold

In the first quarter of 2026, microfinance organizations issued 11.2 billion soums under Sharia rules. This is a starting segment preparing the market for the launch of full-fledged Islamic banking.

🇺🇿 Uzbekistan|TrendsJune 7, 2026
Uzbekistan's Fintechs Test Package Subscriptions: Market Awaits Results of Click's Spring Pilot

Uzbekistan's Fintechs Test Package Subscriptions: Market Awaits Results of Click's Spring Pilot

In May, Click conducted a closed test of a new tariff line. A mass launch is still in preparation, but the pilot itself confirms that payment services are looking for new monetization models.

🇺🇿 Uzbekistan|ResearchJune 7, 2026
Uzbekistan to Launch AI-Scoring Business Credit Marketplace

Uzbekistan to Launch AI-Scoring Business Credit Marketplace

The platform will consolidate offers from various banks. By December 2026, the system will begin assessing borrowers without credit histories using alternative data.

🇺🇿 Uzbekistan|AIJune 6, 2026
TBC Bank Group Buys OLX in Uzbekistan: Regulator Approves Deal with Conditions

TBC Bank Group Buys OLX in Uzbekistan: Regulator Approves Deal with Conditions

The Competition Committee allowed a TBC entity to acquire 100% of the classifieds service but prohibited it from imposing its own payment services on users.

🇺🇿 Uzbekistan|MarketsJune 5, 2026
Umidjon Khakimov becomes Chairman of the Management Board of Ipak Yuli Bank

Umidjon Khakimov becomes Chairman of the Management Board of Ipak Yuli Bank

He replaces Saidabror Saidakhmedov, who led the Uzbek bank for the past eight years.

🇺🇿 Uzbekistan|ЛюдиJune 2, 2026
Ipak Yuli Bank Increases Credit Line from Islamic Corporation ITFC to $75 Million

Ipak Yuli Bank Increases Credit Line from Islamic Corporation ITFC to $75 Million

The Uzbek bank has expanded its partnership with the International Islamic Trade Finance Corporation. The funds will support export-import operations and domestic purchases for small businesses under the Murabaha standard.

🇺🇿 Uzbekistan|ПартнёрствоJune 2, 2026
Payment service Paynet enters the top five largest taxpayers in Uzbekistan's service sector

Payment service Paynet enters the top five largest taxpayers in Uzbekistan's service sector

The company paid 115 billion soums in taxes in the first quarter. The fintech sector is beginning to compete with telecom and aviation in terms of revenue.

🇺🇿 Uzbekistan|MarketsJune 1, 2026
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