Sergey Gimadiev, the deputy chairman of Kapitalbank and head of the digital branch of Apelsin, recently sat down to discuss how the events of 2020 will shape how financial institutions …
Read More »Will Uzbekistan ever go cashless?
At the outset of the COVID-19 pandemic, the Central Bank of Uzbekistan recommended that residents switch from paying for goods and services in cash to paying for them using cards …
Read More »4 ways COVID-19 is improving the banking sector of Uzbekistan
The banking system of Uzbekistan has adapted well to the COVID-19 crisis, particularly in matters that allow consumers to conduct banking transactions easily and safely. Here are 4 ways Uzbek …
Read More »Reform efforts driving Uzbekistan’s financial sector development
In recent years, the banking sector of Uzbekistan has been undergoing a number of reform efforts aimed at improving the availability and quality of financial services, something important for sustained …
Read More »New Uzbek law defines fines, prison time for manipulating personal data
Amendments and additions to Uzbekistan’s criminal code and administrative responsibility code governing the use of personal data have been signed into law. The updated legislation outlines a schedule of fines …
Read More »Big Data in Uzbekistan: government initiatives
Government is the main initiator of Big Data activities in Uzbekistan. Here are the main ones this year. The first BI analysts school in UZ The first school of …
Read More »Online foreign currency deposit options in Uzbekistan
With Uzbekistan’s national currency depreciating for 15 consecutive weeks and the United States dollar setting new records almost every 2 weeks, here is an overview of the 7 financial institutions …
Read More »A new model of business education in Uzbekistan
Uzbekistan has embarked on an effort to ensure adequately-trained professionals are available for Uzbek businesses following a severe shortage of such personnel in the country. To accomplish this, Uzbekistan must …
Read More »Uzbekistan and Belarus agree to joint IT training program
Uzbekistan and Belarus have come to an agreement on the mutual training of IT specialists. Under the agreement, students will study the first half of the four-year course in Uzbekistan …
Read More »Uzbekistan enacts measures to attract foreign specialists
Uzbek President Shavkat Mirziyoyev has signed a decree designed to attract foreign specialists and financing into Uzbekistan in sectors in which the country currently has a gap. This measure is …
Read More »Uzbekistan hosts DigiGirlz High Tech Camp
Uzbekistan hosted the second DigiGirlz High Tech Camp educational program, which is aimed at increasing the potential of girls and attracting them to the technology sector. The program, held at …
Read More »FinTech lab to be created in Uzbekistan
The first FinTech lab in Uzbekistan was announced at the ‘Open Innovations in the Banking Section’ session of the International Press Club. The FinTech lab will focus on facilitating the …
Read More »Tajikistan pushing switch towards cashless payments
The government of Tajikistan has decreed that all ministries, departments, state-owned enterprises and institutions that provide payment services must acquire equipment for accepting non-cash payments by April 1, 2019. The …
Read More »PAYMO developing Uzbek financial marketplace
PAYMO has announced that it is developing a system to unite providers and consumers of financial services in one information space as part of an effort to provide consumers with …
Read More »Armenia launches QR code payment system
Armenia has become only the second country in the world (after Singapore) to launch the Payment Express system. The system, also known as PayX, is a single payment system that …
Read More »Uzbektelecom and Kazakhtelecom to jointly develop IoT products
National operators from Uzbekistan and Kazakhstan are joining forces to create internet of things (IoT) products. Uzbektelecom and Kazakhtelecom have exchanged plans for the development of infrastructure as well as …
Read More »American company bringing IoT solutions to Uzbekistan
The American company Teoco is bringing internet of things (IoT) solutions to Uzbekistan and helping the country use technology to become “Smarter”. Previously, Teoco had worked in Mumbai on the …
Read More »17% of Uzbek users face cyber-attacks each month
It’s no secret that cybercrime in the world is developing at a rapid pace, with cybercriminals becoming better in their attacks and in ways to tricking people and systems. In …
Read More »The problem of hidden mining in Uzbekistan
One of the most common cyber threats in Uzbekistan is hidden mining. Although there are still threats associated with the more traditional unknown downloading and installation of a mining program …
Read More »Online portal to let Tashkent residents decide on city spending
Following a presidential decree on introducing a special management system for the city of Tashkent, residents of Tashkent will have the opportunity to decide how to spend city funds by …
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