Central Asia fintech news
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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.
Paynet launches cashback program for identified users
The Uzbek payment service offers 5% cashback for in-app identity verification.
IFC makes first investment in Uzbekistan under private sector catalytic funding program
The International Finance Corporation has launched a program to support private business development in the country
Central Bank of Uzbekistan proposes minimum income requirement for microloans
The regulator is tightening microcredit rules as the market portfolio hits 48.9 trillion soums.
Uzbekistan prepares new cybersecurity requirements for banks and fintech
The Senate is reviewing a bill in its second reading that designates the Ministry of Internal Affairs as the primary regulator for combating cybercrime.
Central Bank of Uzbekistan updates rules for Islamic banks
The regulator amended eight regulations, defining requirements for capital, liquidity, and Islamic financial instruments.
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
IT Park Uzbekistan and China Construction Bank agree to finance regional IT complexes
The partnership opens access to Chinese capital for building infrastructure outside Tashkent
Uzbekistan legalizes bonded warehouses for cross-border trade
The Cabinet of Ministers approved operating rules for bonded warehouses and e-commerce platforms handling foreign retail goods.
Uzbekistan studies Hong Kong's experience to bring local fintech companies to Asian capital markets
A delegation from IT Park Uzbekistan and Enterprise Uzbekistan held talks with Hong Kong financial regulators on developing digital assets and implementing common law standards.
Uzbekistan's NAPP Admits Hamkorbank and HBCapital to Test Foreign Currency Bonds in Sandbox
Two financial players have received the status of participants in a special legal regime for the pilot issuance of corporate debt securities.
Uzbekistan's Centrum Air Becomes First in Central Asia to Launch Cryptocurrency Ticket Payments
The airline has implemented crypto acquiring from the Asterium platform with automatic conversion of digital assets into fiat