Central Asia fintech news
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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.
Uzbek crypto project Asterium prepares UAE expansion
The fintech startup has started hiring a team in the Emirates to scale its ecosystem beyond its home market.
Central Bank of Uzbekistan to explain Islamic finance law rules to banks
The regulator and market participants are preparing to launch Sharia-compliant products, from a dual banking model to the legalization of six types of contracts.
Notification Procedure: Uzbekistan Requires Marketplaces and Streaming Services to Report Operations to NAPP
E-commerce platforms and order aggregators must submit data via the agency’s system using OneID. The regulator will compile a public registry of legal operators.
Foreign Banks Get Green Light to Open Branches in Enterprise Uzbekistan
Uzbekistan will allow foreign banks to establish a physical presence within its new special economic zone.
Only 4% of Uzbekistanis Use Bank Deposits to Save Money
Despite broad access to banking services, the culture of saving through deposits remains low in Uzbekistan.
Payment company Paynet opens physical crypto store Voluto in Tashkent
The new project allows citizens and foreigners to buy and sell USDT for cash after mandatory identity verification.
Uzbekistan to Subsidize Half of AI Implementation Costs for Businesses
The government is launching the “AI Partner for 10,000 Enterprises” program with a $100 million budget for its first phase.
Uzbekistan to ban web-based P2P transfers and tighten bank app logins
Starting November 16, banks and payment services will bear full financial responsibility for fraudulent transfers made without OTP codes.
Alif raises $10 million to develop installment plans in Uzbekistan: BNPL funding ahead of regulatory changes
Fintech company Alif secures investment to scale installment services ahead of the 2027 launch of licensed operators
Uzbekistan overhauls installment purchase rules: new requirements for consumers and operators
A government decree introduces an updated regulatory framework for installment services, including purchase limits and mandatory Central Bank registration.
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.