The fintech ecosystem Uzum is expanding digital payment services in Uzbekistan, supporting the growth of cashless transactions among businesses and consumers. Through Uzum Bank services, users made more than 47 million cashless payments worth 3.8 trillion soums in 2025, while the number of active merchants increased by 30% in the first half of 2026.
The rapid development of digital payments reflects broader changes in Uzbekistan’s economic transformation. Fintech solutions are becoming an important tool for improving financial inclusion, increasing transparency, and helping small and medium-sized businesses access modern payment technologies. For entrepreneurs, digital services reduce administrative costs, simplify accounting, and create opportunities to attract more customers through convenient payment channels.
The expansion of cashless infrastructure also supports government efforts to modernize the financial sector and reduce dependence on traditional payment methods. As more businesses adopt digital platforms, the economy becomes more integrated, efficient, and accessible. The growth of fintech companies such as Uzum demonstrates the increasing role of private technology providers in building a modern digital economy in Uzbekistan.
CentralasianLIGHT.org
July 8, 2026