{"id":17126,"date":"2023-05-28T19:14:36","date_gmt":"2023-05-28T19:14:36","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17126"},"modified":"2023-05-28T19:14:36","modified_gmt":"2023-05-28T19:14:36","slug":"barriers-and-opportunities-for-fintech-in-central-asia","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/barriers-and-opportunities-for-fintech-in-central-asia\/","title":{"rendered":"Barriers and Opportunities for Fintech in Central Asia"},"content":{"rendered":"<p>The e-commerce and fintech markets in Kazakhstan and Uzbekistan are rapidly growing, largely due to the impact of the COVID-19 pandemic; however, they are also facing challenges related to low financial literacy rates and establishing efficient relationships with regulators. In both countries, there is a competitive market that has driven the need to ensure qualitative services are provided for customer retention. Against this backdrop, fintech companies are seeking transparent dialogues with government regulators to improve payment systems, increase their participation in discussions regarding the development and implementation of new measures, improve standardization and increase regional integration.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17126 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Are Incumbent Financial Institutions Finally Embracing Open Banking?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/are-incumbent-financial-institutions-finally-embracing-open-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/03\/a7e39c45-f521-473e-8732-6c3b2440a6c21-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15856\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15856'>\n\t\t\t\tAre Incumbent Financial Institutions Finally Embracing Open Banking?\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='First-ever open banking service to help people get out of debt'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/first-ever-open-banking-service-to-help-people-get-out-of-debt\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/first-ever-open-banking-service-to-help-people-get-out-of-debt-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12980\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12980'>\n\t\t\t\tFirst-ever open banking service to help people get out of debt\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Infographic: are we ready for the industrial internet of things?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-are-we-ready-for-the-industrial-internet-of-things\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/11\/iiot-infographic-1-featured-image-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11754\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11754'>\n\t\t\t\tInfographic: are we ready for the industrial internet of things?\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The e-commerce and fintech markets in Kazakhstan and Uzbekistan are rapidly growing, largely due to the impact of the COVID-19 pandemic; however, they are also facing challenges related to low financial literacy rates and establishing efficient relationships with regulators. In both countries, there is a competitive market that has driven the need to ensure qualitative &hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17126"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=17126"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17126\/revisions"}],"predecessor-version":[{"id":17127,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17126\/revisions\/17127"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}