Uzbekistan

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 …

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 …

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 …

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 …

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 …

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 …

The company Click has partnered with charitable organization Waqf to provide Muslims the opportunity to make religious-based payments via the internet and cellular communication devices, meaning that Muslim users can …

Following a presidential decree regarding measures to innovate the development of culture and art in Uzbekistan, blockchain technology will be introduced into the system of ticket sales for cultural and …

UzCard has announced the launch of instant money transfers from Qiwi and CONTACT. The transfer is currently only available in one direction (i.e. from Qiwi/CONTACT to UzCard); however, UzCard plans …

With people spending an increasing amount of time in digital space and starting to use electronic money more often, the relationship between financial institutions and their customers is changing. Traditionally, …

The Central Bank of Uzbekistan has proposed legislative amendments that, for the first time, provide a legal definition for what constitutes a “digital bank”. The proposed amendments would define a …

Payme users can now receive online loans of up to UZS 1 million. The application now allows users to request a loan within the application. Once the request is sent, …

Payme has announced that Visa, MasterCard and Mir card holders can now transfer funds to Uzcard, with funds being automatically converted into the local currency. To receive a transfer, the …

The widespread online exchange of currency in Uzbekistan is expected to begin in April 2018. The process began with a decree from the Uzbek President in September 2017 to liberalize …

The National Bank of Uzbekistan has officially launched Milliy, its free-to-use mobile banking application. The mobile application allows users to access payment/money transfer systems as well as be able to …

Artificial intelligence (AI) will help increase the efficiency of banks in Uzbekistan. Manguberdi Abdukarimov, specialist at the National Bank of Uzbekistan, explains that AI is used in foreign banks in …

The Central Bank of Uzbekistan (CBU) has released a special statement calling virtual money an instrument for financing terrorism. The special statement also declared that there was no plan for …

ICTForum 2017, held in Uzbekistan, allowed participants to come together to discuss online banking, payment systems, payment through social networks, cloud solutions for banks, blockchain and other related topics. The …