Universities in Kyrgyzstan will soon start offering programs that include the foundations of blockchain and cryptocurrencies. Kyrgyz Economic University was the first in the country to make such a move, …
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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 »First academic blockchain laboratory set up in Armenia
New York-based blockchain technology company Blocktech and the French University in Armenia have announced the launch of the country’s first academic blockchain laboratory. The laboratory will undertake an interdisciplinary study …
Read More »Increased staff turnover costs Kazakhstani companies billions
According to the annual PwC salary and benefit review, Kazakhstani companies continued to improve business efficiency in 2018. The rate of return per employee (Human Capital ROI) grew 14% and …
Read More »Hackathon encourages student participation in business world
A two-day hackathon called #HACKProm was held in December 2018 to encourage 44 students from 8 Russian cities to find solutions to some of the biggest problems facing Gazprom Oil …
Read More »Reduced online lending in Kazakhstan thanks to tightened rules
The National Bank of Kazakhstan introduced several changes last year that have affected online lending. Specifically, the Bank limited the annual effective rate to 100% and also reduced the total …
Read More »First fully-digital bank in Georgia
In May last year, the first fully-digital bank (called Space) opened in Georgia. The bank operates as a daily finance management application and has no branches or other physical spaces. …
Read More »Cashless payments in Kazakhstan gaining in popularity
Non-cash transactions continue to increase in the Akmola region of Kazakhstan, especially in terms of monetary value. From November 2017 through November 2018, the total volume of non-cash payments in …
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 »Experts predict Kazakhstan’s 2019 FinTech trends
In 2018, Kazakhstani financial institutions began working more closely with FinTech companies and purchasing a large number of FinTech products, giving more and more consumers in the country access to …
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 »Internet of things laboratory to be set up in Azerbaijan
Azerbaijan’s Ministry of Transport, Communications and High Technologies has signed a memorandum of understanding with Microsoft Azerbaijan for the creation of an internet of things (IoT) laboratory. The laboratory, which …
Read More »Armenian company brings the internet of things to fashion
Armenian Mind, a company based in Armenia and known for producing smart wallets, is now looking to expand production to other accessories. The company is currently in negotiations with three …
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 »How one Kazakh company is capturing the global IoT market
Kazakh companies have become actively involved in the development and introduction of new technologies in recent years, especially those related to the internet of things (IoT). One of them, OrionM2M, …
Read More »State of IoT in Kazakhstan
In Kazakhstan, the internet of things (IoT) has been long-discussed. The state has even assessed the importance of this sphere, developing 9 fundamental standards in 2015 and 2016 as well …
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 »Kaz’Hack’Stan 2018 outlines changing digital landscape in Kazakhstan
In October 2018, Almaty hosted the second annual Kaz’Hack’Stan Conference. The Conference, devoted to practical issues in the field of information security, included panel discussions, example cases from information security …
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