Measures to develop the fintech sector were discussed
Uzbekistan
On September 10, President Shavkat Mirziyoyev reviewed proposals for the development of the financial technology sector, one of the fastest-growing industries worldwide.
The global fintech market surpassed $300 billion in 2025 and is expected to exceed $600 billion by 2030. Uzbekistan has also shown rapid growth: from just 24 fintech companies in 2018 to 103 today. In 2025 alone, local projects attracted more than $260 million in foreign investments — four times higher than last year.
The President emphasized the need to support startups, introduce open banking, expand digital banking services, and adopt AI and blockchain technologies. Experts estimate these measures could boost bank revenues by 20%, expand financial services by 30%, while reducing risks by 15%.
It was decided to establish a Fintech Office at the Central Bank to monitor performance indicators, as well as an innovation hub to accelerate startups and attract investment. The five-year strategy will incorporate international experience, including Singapore’s model.
The ultimate goal is to create a sustainable, competitive, and inclusive fintech ecosystem in Uzbekistan, turning the country into a regional hub for financial technologies.
The President emphasized the need to support startups, introduce open banking, expand digital banking services, and adopt AI and blockchain technologies. Experts estimate these measures could boost bank revenues by 20%, expand financial services by 30%, while reducing risks by 15%.
It was decided to establish a Fintech Office at the Central Bank to monitor performance indicators, as well as an innovation hub to accelerate startups and attract investment. The five-year strategy will incorporate international experience, including Singapore’s model.
The ultimate goal is to create a sustainable, competitive, and inclusive fintech ecosystem in Uzbekistan, turning the country into a regional hub for financial technologies.
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